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The Government has committed £11 million to accelerate research and development of plug-in cars and other ultra low emission vehicles (ULEVs). The Government says the funding will support the growth of this important sector and cement the UK’s position as a world leader in the development of the technology behind low carbon vehicles.
Two more new reports have found that tackling climate change can bring global economic benefits and that there are particular opportunities for the UK in the low carbon transition. One of the reports - by Cambridge Econometrics for WWF - found that reducing the UK's carbon emissions by around 60% by 2030 (as the CCC recommends) would increase UK GDP by over 1% in net terms and create over 190,000 additional jobs.
In a move which provides a boost to the industry, Italy is to become the first country in Europe to set legally binding requirements to mandate the use of "advanced biofuels" in road transport. The new fuels, made from wastes and residues, would reduce the amount of land taken out of food production. From 2018, all fuel suppliers in the country will have to include 0.6% advanced biofuel in petrol and diesel.