December 9, 2021

Beyond Going Long

Complete UK News World

The UK wants to stop heating fossil fuels, the project said

The UK wants to stop heating fossil fuels, the project said

The United Kingdom on Tuesday unveiled plans to stop fossil fuel home heating by 2035. After 2035, no new gas boilers will be installed, and from next year, families will receive a grant of 5,000 to replace gas boilers with low carbon heat pumps.

Important private sector investment

At the Global Investment Summit in London, Prime Minister Boris Johnson said private sector investment and consumer pressure were important to reduce carbon emissions and curb climate change.

I can provide billions, “Johnson said in a room full of CEOs and other executives of various companies.”However, in this room you can offer all trillions. And the market will turn green,“Total Johnson.

Development of four main areas

The British government wants to get tens of thousands or hundreds of billions of pounds of investment from the private sector and allocate the same amount to green energy projects in the UK. The money should fund the development of four key green technology areas in the UK: long-term storage of renewable but uninterrupted energy sources such as green hydrogen, wind and sunlight, sustainable aviation fuels and direct carbon sequencing.

Johnson is expected to welcome world leaders to the United Nations (UN) Climate Conference in Glasgow, Scotland on October 31. As the cradle of the Industrial Revolution, he argues, Britain should lead the world in the process of decarbonization. According to him, rich countries should help the poor to reduce carbon emissions by funding green technologies.