The UK Government has announced an increase in renewable energy funding following a review.
The amount of money used to reduce carbon emissions from UK industry has been increased from £15 million to £24m.
The government announced the increase last night in response to a January review held by the Department for Business, Energy and Industrial Strategy (BEIS).
BEIS said as part of the announcement that it expects to invest around £100m in low carbon industrial innovation to accelerate “the roll out of low carbon technologies which will enable UK industry to remain competitive”.
In 2017, the UK government commissioned Aberdeen-headquartered Wood to undertake a study to assess the most promising carbon capture technologies.
The report from the energy services giant found that technologies such as renewable energy and hydrogen could play a role in decarbonising industry, power, heat and transport.
In January, the UK Government announced it would propose new solar power subsidies for households and businesses.
Its scrapping of the Feed-in-Tariff (FIT) for small scale renewables generators was widely criticised by renewables industry groups last year.
However, the government announced a new proposal last night to ensure households and businesses installing new solar panels will be guaranteed payment for power provided back to the grid.
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