The UK is providing billions of pounds' worth of public finance to support the country's net-zero transition. Between 2014 and August 2022, the British Business Bank supported 505 million GBP of equity investment in clean technology companies in the UK. Meanwhile, the UK government's Net Zero Innovation Portfolio has, as of 2024, supported the scaling up of low-carbon technologies with 933 million GBP committed or spent. Going forward, an additional 7.3 billion GBP of public investment will be provided by the new Labour government's National Wealth Fund for priority sectors including carbon capture and green hydrogen.
Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument
(in billion GBP)
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Barclays. (July 23, 2024). Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/
Barclays. "Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP)." Chart. July 23, 2024. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/
Barclays. (2024). Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/
Barclays. "Public Finance Support for The Climate Tech Sector in The United Kingdom as of 2024, by Instrument (in Billion Gbp)." Statista, Statista Inc., 23 Jul 2024, https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/
Barclays, Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP) Statista, https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/ (last visited November 17, 2024)
Public finance support for the climate tech sector in the United Kingdom as of 2024, by instrument (in billion GBP) [Graph], Barclays, July 23, 2024. [Online]. Available: https://www.statista.com/statistics/1494210/uk-climate-tech-public-financing-by-type/
