Govt launches £270m low-carbon heating fund
The government has committed £270m to finance low-carbon technologies for heating buildings, such as heat pumps, waste heat recovery systems, and geothermal energy projects.
Dubbed the Green Heat Network Fund, it will replace the Heat Network Investment Project from 2022 and aims to help cut 10.3 megatons of carbon emissions by 2050.
Energy Minister Lord Martin Callanan said, “Finding a mix of innovative solutions to how we heat our homes in the most affordable way is going to be vital as we support people to gradually transition away from gas boilers over the next 15 years.”
“Today's announcement shows we are going even further in our goals to expand this tried and tested heat networks technology, making even more use of the likes of recovered heat from the London Underground to heat our homes.
“The Green Heat Network Fund will also allow us to drive forward the new, cost-effective and low-carbon technologies we need to kick-start new industries and support new jobs in the low-carbon technology sector as we build back greener from the pandemic.”