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UK launches 270 million pound fund to support green heating technology

Published by maria gbaf

Posted on September 7, 2021

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(Reuters) – The UK government said on Tuesday it has launched a new 270 million pound ($373.63 million) fund in its bid to gradually transition away from gas boilers over the next 15 years.

The Green Heat Network Fund (GHNF) will only support low-carbon technologies, such as heat pumps, solar and geothermal energy, which would enable more places in the country to use these from 2022, according to a statement https://bit.ly/3zLcyB3 from the government.

GHNF is expected to fund the delivery of enough total carbon savings by 2050 to equal taking 4.5 million cars in England off the road for a year, the statement added.

($1 = 0.7226 pounds)

(Reporting by Juby Babu in Bengaluru; Editing by David Gregorio)

(Reuters) – The UK government said on Tuesday it has launched a new 270 million pound ($373.63 million) fund in its bid to gradually transition away from gas boilers over the next 15 years.

GHNF is expected to fund the delivery of enough total carbon savings by 2050 to equal taking 4.5 million cars in England off the road for a year, the statement added.

($1 = 0.7226 pounds)

(Reporting by Juby Babu in Bengaluru; Editing by David Gregorio)