Hogan Lovells welcomes UK Ten Point Plan for a Green Industrial Revolution

Energy partner Alex Harrison said: "This announcement re-iterates the UK's commitment to decarbonisation and sustainability and builds on the UK’s commitment to achieve net zero emissions by 2050. It places offshore wind, green hydrogen, nuclear, carbon capture and low emission transport at the centre of the UK's strategy to become the world’s number one centre for green technology and finance and comes at a key time given the UK’s presidency of the G7 from January 2021 and the UN Climate Change Conference COP26 in Glasgow in November next year. It reflects wider priorities in government to create jobs in industry, particularly outside of London and the South East, to attract inbound investment post Brexit and to boost the UK’s standing for investment in tech and clean energy."

Andrew Carey, Co-Head of Hogan Lovells Impact Finance & Investing group added: “It builds on the Chancellor's recent announcement on green finance-related measures, and the Bank of England’s new climate change stress test and signals the UK’s intention to play a leading role in climate change alongside the EU whilst providing plenty of ground for the UK government to pursue joint initiatives with the new U.S. administration.".