NS&I will issue its Green Savings Bonds by the end of 2021 – with renewable energies and cleaner transport as its investment themes
To achieve net zero greenhouse gas emissions by 2050, it is important that the UK reduce the harmful emissions caused by gasoline and diesel vehicles and other modes of transport. This is a significant area of green spending.
Sample project: Funding for emission-free buses.
Green spending in this area will focus on projects that will help us move away from our dependence on fossil fuels in favor of renewable energies like wind and solar.
Example projects: Net Zero Innovation Portfolio, including promotion of wind power and hydrogen research.
Spending will focus on recycling projects and technologies that capture and store carbon from the atmosphere. They will help reduce and control the amount of pollution that we as a society produce.
Example projects: Carbon capture and storage.
In the truest sense of the word, taking care of the green – spending on projects that help protect the environment, the landscape and natural beauties.
Example projects: Forest planting and conservation.
One way to achieve net zero by 2050 is to meet our energy needs more intelligently. Green spending in this area includes making older buildings more efficient to ensure that less energy is wasted.
Example projects: Decarbonisation of hospitals, schools and other public buildings, renewable heat.
Green spending also means paying attention to the dangers of global warming – and helping us as a society adjust and prepare for the future ahead.
Example projects: Flood protection and early warning systems.
Find out more about the government’s green spending plans here: www.gov.uk/government/publications/uk-government-green-financing