Call to invest £ 200 billion in green projects in the North West to create and support more than 660,000 jobs

0


A total of 18 green projects in the North West are expected to receive an investment of more than £ 200 billion to help create or support more than 660,000 jobs in the region, according to a new report.

Unveiled by Net Zero North West at an event with Business Secretary Kwasi Kwarteng, the report was written by analysts at Siemens UK and shows how the North West will deliver the UK’s first net zero region from here. 2040.

In doing so, it will save 38.5 megatonnes of carbon dioxide emissions and provide £ 207bn of targeted investment, boosting the UK’s £ 285bn GVA economy and preserving or creating over 660 000 jobs.

The region’s green industrial revolution has three key objectives: establishing a fully integrated net zero industrial cluster by 2040; provide a region-wide clean energy system; and build a hydrogen economy that will become the UK’s premier hydrogen production, storage and distribution network.

Mr Kwarteng said, “The Northwest led the first industrial revolution and today it leads the new green industrial revolution, bringing jobs and investment to communities in the region as we fight climate change and let’s rebuild in a greener way.

“We are already seeing this investment pour in, with government funding of £ 33million for hydrogen and carbon capture in the region and [recently], Vauxhall announced a £ 100million investment to build electric vehicles at Ellesmere Port.

“It is clear that if you think Net Zero, you think North West and I am delighted to be a part of this special launch event and to discuss prospects for the region.”

In addition to being home to HyNet North West, the region is also releasing hydrogen as a clean fuel for transport, including plans for the UK’s first plastic-to-hydrogen transformation facility at Protos in Cheshire.

A North-West Nuclear Arc has also been established which

provide clean and sustainable energy in North West and North Wales

Carl Ennis, Chairman of Net Zero North West and CEO of Siemens GB, added: “The North West is the only region in the UK that has everything it takes to offer the UK’s first net zero region. by 2040.

“There is no doubt that we have the vision, the geography, the expertise and the infrastructure to deliver.

“Our strength lies in the unequaled number of projects already underway in the field, in the fields of hydrogen, renewable energies, carbon capture, nuclear power, etc.

“By working with the government, we are committed to bringing about real change that will not only raise the standard of the country, but will be key to meeting the UK’s net zero goals. Now is the time to act and this leaflet explains how we will do it. “

The 18 investments requested in the report include:

  • Provide 100 carbon capture, use and storage (CCUS) systems in the Northwest from 2025, acting to decarbonise power generation, hydrogen production and industry.
  • Connect smart micro-grids to integrate multiple sources of energy vectors, including heat and transport, save / secure 78,569 jobs and reduce GHG emissions by 3.4 MtCO2e per year by 2030
  • Development of ‘Clean Energy Academies’ with an investment of £ 2.2 billion to teach skills necessary for our sustainable economy, including the ability to manufacture low carbon technologies.
  • 3.4 million households will be affected by 2040 thanks to the modernization of energy efficiency, low-carbon heating and the installation of renewable production and storage technologies.
  • Construction of two large nuclear power plants (one with our partners in North Wales) and five Small Modular Reactors (SMR) directly engaging our regional industries and improving the skills of our workforce.
  • Deployment of new transport infrastructure to pave the way for the use of electric vehicles with 325,000 charging points and 500 hydrogen charging stations which will reduce emissions by 5.9 MtCO2e per year.

Andy Burnham, Mayor of Greater Manchester, said: “If we take the climate crisis seriously now, it will also help us tackle the post-pandemic jobs crisis.

“There are tens of thousands of good green jobs just waiting to be created in the Northwest – in modernizing our buildings, modernizing our energy systems and decarbonizing our transportation. We set out our vision for achieving a Net Zero Northwest of at least 2040, 10 years ahead of the national target.



Email newsletters

BusinessLive is your home for business news from the North West and you can stay in touch with all the latest news from Greater Manchester, the City of Liverpool area, Cheshire, Lancashire and Cumbria through our email alerts. -mail.

You can sign up to receive daily morning newsletters from every region we cover and weekly email newsletters covering key economic sectors from manufacturing to technology and business. And we’ll send out last minute alerts for any stories we think you can’t miss.

Visit our messaging preference center to sign up for all the latest BusinessLive news.

LinkedIn

For all the latest stories, views, polls and more, follow our BusinessLive North West LinkedIn page here.

“Together, we hope to build a movement to make the Northwest the country’s leading force in the zero carbon economy.

“We want to show the world that the North West of England is once again ready to lead an industrial revolution – this time green.”

Steve Rotheram, Mayor of the Liverpool City area, added: “Our region has a unique opportunity to set an example for the rest of the country and to be the leader of the Green Industrial Revolution, creating thousands of jobs.

“We have ambitious goals to achieve net zero carbon a decade ahead of national goals, and it’s through programs like Mersey Tidal Power in my area that we are making it happen. It has the potential to provide enough clean, predictable energy to power 1 million homes and create thousands of training, research and employment opportunities.

“We know that the climate crisis does not respect local borders, nor do business and economic opportunities.

“To achieve our ambitions, we must adopt a collaborative approach that draws on all the skills and expertise at our disposal. Here in the Northwest, we are coming together to fight climate change.



Source link

Leave A Reply

Your email address will not be published.