Bloomberg — U.K. Prime Minister Boris Johnson is preparing to set out plans to support up to 250,000 jobs in a drive to boost green industries and tackle climate change, people familiar with the matter said.
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The government will announce sales of new petrol and diesel cars will be banned by 2030, with hybrids exempt from the target. Johnson will also back investment in hydrogen and nuclear power, alongside offshore wind and measures to make homes more energy efficient.
Under the government’s plans, which are still being finalized ahead of publication expected Wednesday, ministers are set to announce:
- Measures to support up to 250,000 jobs, including 60,000 in offshore wind, and 10,000 in nuclear power
- Phasing out sales of diesel and petrol cars by 2030, excluding hybrids
- Confirm support for nuclear power as a clean energy source, with at least one new nuclear plant — set to be Sizewell — and a new generation of small and advanced nuclear reactors
- Extension of grants to support energy efficient homes
- A target of 5 gigawatts of low-carbon hydrogen production capacity by 2030, and a net-zero hydrogen fund to support the technology