The revolution will not be capitalised
The UK’s laudable aim of becoming a world leader in ten climate-related areas looks set to be undermined by the shaky state of its post-Covid and post-Brexit national finances
Boris Johnson’s UK government had been scrambling to put to together an eye-catching climate plan ever since it became obvious who would be the next incumbent of the White House. In mid-November, Johnson duly obliged with his ten-point-plan for a green industrial revolution. The plan is to ‘mobilise’ £12bn ($15.8bn) of government spending to leverage three times as much private sector cash, as well as create a claimed quarter of a million jobs. It will be spread between offshore wind; hydrogen; nuclear; electric vehicles; public transport; cycling and walking; ‘Jet Zero’ and greener maritime; homes and public buildings; carbon capture and storage (CCS); nature; and innovation and finance. Wh
Also in this section
9 March 2026
Hydrogen has not stalled in the UK because the technology does not work. The problem is that the system around it does not yet move at the speed required
4 March 2026
Turmoil in Middle East reminds nascent clean hydrogen sector that its future prospects are dependent on global energy markets and geopolitics
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
