Britain to spend $1.4 bln to cut carbon emissions from industry, hospitals

LONDON: Britain plans to invest 1 billion pounds ($1.39 billion) to cut emissions from industry, schools and hospitals, it said on Wednesday, as part of wider "green revolution" designed to create thousands of jobs and meet climate targets.

Britain has a target to reach net zero carbon emissions by 2050 and is also seeking to boost jobs and repair economic damage caused by the effects of the coronavirus pandemic. "Today’s plans will make a considerable dent in the amount of carbon emissions emitting from our economy and put us on the path to eliminate our contribution to climate change by 2050,” Business and Energy Secretary Kwasi Kwarteng said a statement.