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Millions in funding could create thousands of new green jobs worth billions to UK economy

Developments in greenhouse gas removal technology around the UK will be boosted by new government-backed projects, helping to create jobs and fast track the UK to the forefront of the industry.

The government has, today, announced 15 projects across the country will receive a share of over £54 million so that they can develop technology to remove greenhouse gases from the atmosphere. This government funding will help to encourage further investment from private companies into the UK, helping with the creation of green jobs in the supported regions, as well as helping the country to meet its emission reduction targets.

Energy and Climate Change Minister, Greg Hands, said:

“This £54 million government investment announced today will help establish a greenhouse gas removal industry in the UK, which could be worth billions to our economy, bringing in private investment and supporting the creation of new green jobs.”

With the funding coming under the second phase of the Direct Air Capture and Greenhouse Gas Removal technologies competition, it is worth a total of £60 million. £5.6 million of that was given away to 23 winners from the first phase, of which 15 have progressed into the second phase.

Swindon, London, Edinburgh, and Exeter are all some of the places where projects will be given funding today, with household waste being turned into hydrogen, methane capture from cattle, and the removal of carbon dioxide from seawater all being important developments for carbon emission reduction.

If the UK is to successfully meet its target of net zero carbon emissions by the deadline of 2050, Greenhouse Gas Removal Technology will be essential. They will be crucial to offsetting the carbon emissions in areas that are hard to decarbonise, whilst the government is working to cut emissions and boost energy security for the UK.

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