Global agreement in green tech will open doors for UK PLC – GOV.UK

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The UK government announces over £65 million investment to help speed up the development of new green technologies.
The UK is today leading a global agreement to make green technologies cheaper and more accessible around the world, while also creating green jobs for generations both at home and abroad, Grant Shapps said today (11 November).
Speaking at the COP27 negotiations in Egypt, the Business Secretary announced over £65 million investment to help speed up the development of new green technologies – backed by the talent and expertise of British business.
This builds on the legacy of COP26 in Glasgow, where the UK founded a coalition of countries to scale and speed up the development and deployment of clean technologies and drive down costs this decade, known as the Breakthrough Agenda.
Mr Shapps said it will be the efforts of entrepreneurs, innovators and the international community that will help cut global emissions in the coming decade and achieve net zero by 2050 – something today’s investments will help achieve.
These measures will help expand a whole global market in clean energy technologies, making them accessible and affordable to developing countries – and enabling UK companies to share their talent and expertise in this vital and growing industry.
Business Secretary Grant Shapps said:
Green means growth, and with our existing talents in clean technologies, UK businesses could be world leaders in an industry that will only expand, creating jobs for generations to come while also protecting our precious planet.
At COP27 we are leading international efforts to ensure these new innovations can be more accessible and affordable to heavy, energy-intensive industries in some of the world’s poorest countries.
These agreements are a key part of us achieving our net zero targets and our global efforts to cut emissions – but I am also proud that they will mean more countries will benefit from the knowledge and expertise we have nurtured here on UK shores.
The UK is already a world leader in the latest green technologies, ranging from the development of hydrogen as an alternative fuel, to the manufacture of electric vehicles.
Today’s announcements not only highlight the UK’s leading position on tackling climate change, they also show how this country is influencing international markets to go greener, in a way that gives the UK an advantage over other countries in delivering jobs, growth and investment in the UK.
The Business Secretary today announced:
This comes on top of the Prime Minister’s announcement of a further £65.5 million for the Clean Energy Innovation Facility, which provides grants to researchers and scientists to accelerate the development of innovative clean energy technologies in developing countries. Since the UK-led fund was launched in 2019 it has so far supported 76 projects, including the creation of biomass-powered refrigeration in India, prototype lithium-ion batteries in Nigeria and clean hydrogen-based fuels for steel production in Morocco, among other innovations. Its beneficiaries have praised the programme for its ability to identify business and community needs as it unlocks innovation opportunities.
CEO of the Climate Investment Funds, Mafalda Duarte said:
Emissions from hard-to-abate industries are concentrated in developing countries and set to rise.
With support from the United Kingdom and Sweden, the first-of-its-kind CIF Industry Decarbonisation program will support developing countries, manage transition risks, and seize emerging economic opportunities.
This investment platform will bring to bear concessional finance, technical assistance, and partnerships to ignite transformation across industries like steel, cement, and aluminium.
The Breakthrough Agenda was agreed at COP26 in Glasgow between the UK and 46 other countries to help some of the highest emitting sectors of the global economy to decarbonise.  At COP27, a coalition of governments representing more than half of global GDP will launch the Breakthrough Agenda Priority Actions, which will support the key sectors of power, road transport, steel, hydrogen and agriculture, working to decarbonise them by 2030 by making clean technology in those sectors affordable and accessible to all.
The programme announced today are:
On Monday 7 November at COP27, the Prime Minister announced up to £65.5 million to expand the UK’s Clean Energy Innovation Facility (CEIF):
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