The Next Industrial Revolution’s Colour Is Green

moneyguru
Guru Gyan
Published in
3 min readNov 20, 2020

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The UK’s green industrial revolution is praised by environmentalists. What is the country trying to achieve under this?

Going Green

UK Prime Minister Boris Johnson launched a 10-point climate action plan for a green industrial revolution on Wednesday. This move is done to help the UK forge ahead with eliminating its contribution to climate change by 2050.

The 10-point plan will mobilise £12 billion of government investment and potentially three times as much from the private sector, to create and support up to 250,000 green jobs.

As part of the 10-point plan,

The country will ban petrol and diesel vehicle sales from 2030

Turn water into energy with up to £500 million of investment in hydrogen

Invest over £2.8 billion in electric vehicles, lacing the land with charging points and creating long-lasting batteries in UK gigafactories

Invest £1 billion next year to make homes, schools and hospitals greener and energy bills lower

Establish a new world-leading industry in carbon capture and storage, backed by £1 billion of government investment for clusters across the North, Wales and Scotland

Help commercialise new low-carbon technologies with the country’s £1 billion energy innovation fund

Several other measures have also been mentioned by Johnson under the green plan, which will help the country to cut its emissions.

Is It Possible?

This plan is a major move by the UK and it shows how the country is ready to go green by putting all its efforts and investments into measures that will help support the environment. However, this move has also found its own share of sceptics.

Industry groups have told BBC News that it will take a “Herculean effort” to prepare the country for a ban on sales of new diesel and petrol car sales by 2030. But why? Electric cars are expensive to make and it also depends on how easily you can recharge the vehicle. If the country wants to achieve this target in the next 10 years, it would need to set up several high-powered rapid or ultra-rapid chargers.

Green Party co-leader Sian Berry tweeted saying that the strategy was “inadequate” and some critics have said that the responses to emergency have been stronger in European countries like France and Germany.

So, Johnson’s plan might have some hiccups, but we have to wait and see how all these will be implemented and how capable will they in helping the country cut its emissions to net-zero by 2050.

Johnson himself has said that green and growth can go hand-in-hand, and has urged countries and companies around the world to join the UK in delivering net zero globally. And we feel that more countries should come together and work on solutions that will help us save our planet and also, offer job opportunities to people during the same time.

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moneyguru
Guru Gyan

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