ISCF Grand Challenge: Clean Growth
We will maximise the advantages for UK industry from the global shift to clean growth – through leading the world in the development, manufacture and use of low carbon technologies, systems and services that cost less than high carbon alternatives.
The move to cleaner economic growth – through low carbon technologies and the efficient use of resources – is one of the greatest industrial opportunities of our time. By one estimate, the UK’s clean economy could grow at four times the rate of GDP. Whole new industries will be created and existing industries transformed as we move towards a low carbon, more resource-efficient economy.
The UK has been at the forefront of encouraging the world to move towards clean growth. We are determined to play a leading role in providing the technologies, innovations, goods and services of this future.
At least halve the energy use of new buildings by 2030.
Heating and powering buildings accounts for 40% of our total energy usage in the UK. By making our buildings more energy efficient and embracing smart technologies, we can cut household energy bills, reduce demand for energy, and boost economic growth while meeting our targets for carbon reduction.
For homes this will mean halving the total use of energy compared to today’s standards for new build. This will include a building’s use of energy for heating and cooling and appliances, but not transport.
This will be achieved by:
- making sure every new building in Britain is safe, high quality, much more efficient and uses clean heating
- innovating to make low energy, low carbon buildings cheaper to build
- driving lower carbon, lower cost and higher quality construction through innovative techniques
- giving consumers more control over how they use energy through smart technologies
- halving the cost of renovating existing buildings to a similar standard as new buildings, while increasing quality and safety
The mission is backed by £170 million of public money through the Transforming Construction Industrial Strategy Challenge Fund. We expect this will be matched by £250 million of private sector investment, meaning over £400 million will be invested in new construction products, technologies and techniques.
Establish the world’s first net-zero carbon industrial cluster by 2040 and at least 1 low-carbon cluster by 2030
This mission will be achieved by:
- reducing emissions in 1 cluster to net-zero by 2040
- in at least 1 cluster, by 2030:
– the low-carbon infrastructure needed to support industrial decarbonisation will be in place and operational, attracting new investment and innovation.
– multiple industrial facilities will already have reduced their emissions, by the greatest possible extent.
- positioning UK clusters as top areas for global inward investment and driving demand for low carbon products and technologies by harnessing the power of markets, the public sector, universities and local communities
Success in this mission would transform our industrial clusters into world leading low-carbon manufacturing hubs, safeguarding existing jobs and companies on which the prosperity of key regions depends.
It will further establish the UK’s position at the forefront of the global shift to Clean Growth by developing world-leading expertise in green manufacturing products, and the technologies and services required to produce them. The mission aims to attract inward investment, new business and employment opportunities.
It will support the cost-effective decarbonisation of our industrial sector, which accounts for around a quarter of all UK GHG emissions.
Up to £170 million from the Industrial Strategy Challenge Fund will support the mission through the Industrial Decarbonisation Challenge.