UK Unveils Green Program With Little New Cash to Fight US Plans
- Britain aims to cut CO2, boost security with low-carbon energy
- Jeremy Hunt says won’t go toe-to-toe in subsidy race
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The UK unveiled its strategy to speed up the deployment of renewable power and capture carbon, part of a plan to boost energy investment in Britain that lacks the financial might of endeavors in the US.
Billed as a response to the limitless green subsidies in US President Joe Biden’s Inflation Reduction Act, the measures show little in the way of new spending, with any meaningful funding expected to come in the Autumn budget.