The Department of Business, Energy and Industrial Strategy has published a policy paper on The Grand Challenge Missions including establishing the world’s first net-zero carbon industrial cluster by:
- reducing emissions in 1 cluster to net-zero by 2040
- in at least 1 cluster, by 2030:
- the low-carbon infrastructure needed to support industrial decarbonisation will be in place and operational, attracting new investment and innovation
- multiple industrial facilities will already have reduced their emissions, by the greatest possible extent
- positioning UK clusters as top areas for global inward investment and driving demand for low carbon products and technologies by harnessing the power of markets, the public sector, universities and local communities
Success in this mission would transform our industrial clusters into world leading low-carbon manufacturing hubs, safeguarding existing jobs and companies on which the prosperity of key regions depends.
It will further establish the UK’s position at the forefront of the global shift to Clean Growth by developing world-leading expertise in green manufacturing products, and the technologies and services required to produce them. The mission aims to attract inward investment, new business and employment opportunities.
It will support the cost-effective decarbonisation of our industrial sector, which accounts for around a quarter of all UK GHG emissions.
Up to £170 million from the Industrial Strategy Challenge Fund will support the mission through the Industrial Decarbonisation Challenge.