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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on October 19, 2021

    Featured image for article about Top Stories

    LONDON (Reuters) – Britain will increase grants to homeowners to remove their gas boilers and replace them with greener technology such as heat pumps as the government tries to tackle one of the biggest challenges to achieving a net zero emissions target by 2050.

    The government will provide grants of 5,000 pounds ($6,859.50) for homeowners to install more environmentally friendly heating systems as part of a 450 million pound boiler scrappage programme.

    “As we clean up the way we heat our homes over the next decade, we are backing our brilliant innovators to make clean technology like heat pumps as cheap to buy and run as gas boilers,” Prime Minister Boris Johnson said in a statement.

    The announcement come two weeks before Britain hosts the next key round of United Nations climate talks in Glasgow, when world leaders will discuss plans to tackle climate change.

    COP26, which begins on Oct. 31, aims to secure more ambitious action from the nearly 200 countries that signed the 2015 Paris Agreement to limit global warming to well below 2.0 degrees Celsius above pre-industrial levels.

    The increase in grant money to remove gas boilers is part of a net zero strategy that will be released on Tuesday outlining how the government plans to hit the pledge to bring carbon emissions down to net zero by the middle of this century.

    The government said it wanted to make heat pumps cost the same to buy and run as gas boilers by 2030, with big cost reductions of between a quarter and a half by 2025.

    (Reporting by Andrew MacAskill; Editing by Alex Richardson)

    LONDON (Reuters) – Britain will increase grants to homeowners to remove their gas boilers and replace them with greener technology such as heat pumps as the government tries to tackle one of the biggest challenges to achieving a net zero emissions target by 2050.

    The government will provide grants of 5,000 pounds ($6,859.50) for homeowners to install more environmentally friendly heating systems as part of a 450 million pound boiler scrappage programme.

    “As we clean up the way we heat our homes over the next decade, we are backing our brilliant innovators to make clean technology like heat pumps as cheap to buy and run as gas boilers,” Prime Minister Boris Johnson said in a statement.

    The announcement come two weeks before Britain hosts the next key round of United Nations climate talks in Glasgow, when world leaders will discuss plans to tackle climate change.

    COP26, which begins on Oct. 31, aims to secure more ambitious action from the nearly 200 countries that signed the 2015 Paris Agreement to limit global warming to well below 2.0 degrees Celsius above pre-industrial levels.

    The increase in grant money to remove gas boilers is part of a net zero strategy that will be released on Tuesday outlining how the government plans to hit the pledge to bring carbon emissions down to net zero by the middle of this century.

    The government said it wanted to make heat pumps cost the same to buy and run as gas boilers by 2030, with big cost reductions of between a quarter and a half by 2025.

    (Reporting by Andrew MacAskill; Editing by Alex Richardson)

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