It’s like something out of a sci-fi film: renewable energy, like the kind harnessed from the sun through solar panels, captured somehow and stored for future use. But this kind of innovative technology could be real and put to good use in England as early as 2035, thanks to a multimillion-dollar investment by the UK government.
The £30 million in government funding awarded to a handful of cutting-edge businesses just this week shows the UK government is putting its money where its mouth is when it comes to encouraging development in the renewable energy sector and similar industries in the green economy.
If successful, such developments could create hundreds of thousands of green jobs in the UK, as well as push it to the top of an increasingly intense global race to be leaders in sustainability.
According to a statement from the UK government, the investment is meant to help accomplish multiple goals at once, such as:
- Supporting the creation of 480,000 jobs
- Reducing energy costs
- Bolstering economic growth
Promising Developments on the Frontline of Renewable Energy
As the government revealed the elite winners who will receive its enormous investment, the government emphasised the benefits the country can expect to reap in turn.
“The funding announced will support these businesses testing and preparing their technologies to be ready for the energy market, encouraging private investment and creating new jobs across the UK,” the government said in a statement. Additionally, it noted that “capturing and storing energy for use when and where it is needed will play an essential role in powering more of Britain from Britain and increasing the country’s energy security.”
Positive developments in emerging technologies within the sustainable energy sector could spell a heap of success for the UK’s labour market and economy in the coming years.
It also aligns with the Powering Up Britain initiative that was launched just last month. The initiative focuses on increasing public and private investment in Britain’s developing green economy, with a plan to leverage some £100 billion in funding to support up to 480,000 jobs by 2030.
Back-to-back, the launch of Powering Up Britain and the awarding of £30 million in funding serve as a powerful response to concerns that the UK may have been falling behind in the global sustainability race.
The resounding message is clear: the UK is still in the green economy game!
Find the latest sustainable jobs in the UK via EcoCareers.
