UK’s New Ten Point Plan For A Green Recovery Is Welcomed By GIG

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Wind turbine farm power generator in beautiful nature landscape for production of renewable green energy is friendly industry to environment. Concept of sustainable development technology.

Shemara Wikramanayake, CEO of Macquarie (GIG’s parent company), joined a roundtable discussion with the UK’s Prime Minister as he unveiled his new ten point plan to tackle climate change and deliver the UK’s ambitious net zero commitments.

The ten point plan will mobilise £12 billion of government investment, with the aim of catalysing three times as much private sector investment by 2030 and cementing the City of London’s position as the global centre of green finance.

“Achieving the UK’s ambitious Net Zero commitment will require a full economy transition backed by bold partnerships between the public and private sectors. The UK’s ten point plan doubles down on UK strengths in offshore wind and electric vehicles, while setting bold new objectives for hydrogen, carbon capture and nature-based solutions. The plan calls for £3 of private sector investment for every £1 of public money and with the right partnership approach, I’m confident that can be delivered.” said Shemara Wikramanayake, CEO, Macquarie.

Technologies identified to benefit from the government’s investment include hydrogen, carbon capture and storage and electric vehicles. Ambitious targets have also been set for further deployment of offshore wind, and the delivery of nature-based solutions.

GIG is committed to playing a leading role in the UK’s transition to a net zero economy. With our parent company Macquarie, we’ve supported over 140 green energy projects across the country, including almost 50% of the UK’s offshore wind capacity in operations and construction. We’re also committed to taking part in Scotland’s forthcoming seabed leasing round, which should bring forward multiple gigawatts of new offshore wind capacity; and with our partners Enso Energy, we’re working to deliver over 1 GW of subsidy-free solar and battery storage projects across England and Wales.

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