The UK Government has announced new funding worth up to £557m for the next round of renewable energy auctions, scheduled to take place in spring 2019.
The government will also work with the industry to develop a Sector Deal for offshore wind, which could lead to 10 GW of new capacity in the 2020s with potential for more if this is cost effective, according to the document.
"The importance of positive government messaging on the low carbon agenda for investment confidence is often overlooked and today's clear cross-government commitment to deliver on the UK's climate targets will be welcomed by businesses", said Nick Molho, executive director of the Aldersgate Group.
Parallel to the publication of the Government's Clean Growth Strategy was the announcement of the country's third Contracts for Difference renewable energy auction, which will compete for £557 million to go towards "less established" renewable electricity projects - likely to include offshore wind and marine technologies like tidal and wave energy generation.
Low-carbon innovation is at the heart of the government's approach, climate change and industry minister Claire Perry said in a written statement to parliament.
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As widely expected, the plan includes significant focus on cutting greenhouse gases from Britain's built environment, pledging to invest £3.6bn in upgrading around a million homes through the Energy Company Obligation (ECO) scheme.
There are also measures in the plan aimed at improving energy productivity in the private sector by at least 20 per cent by 2030, including the establishment of an Industrial Energy Efficiency scheme and launching a consultation on raising minimum standards of energy efficiency for rented commercial buildings. The strategy sets out how the government will invest GBP 2.5 billion in low-carbon innovation in the 2015-2021 period, across energy, transport, agriculture and waste.
The government has announced a raft of plans to invest millions in renewable technology and low carbon innovations as the United Kingdom works to hit its 2050 climate target. The new strategy is claimed to ensure that the whole country can benefit from new technologies, jobs and businesses that are good for consumers, the environment and the economy.
The highly anticipated strategy comes nine months after it was promised, having been beset by delays from political events such as last year's European Union membership referendum, subsequent Brexit negotiations and June's General Election.
Harrington added: "The government's Clean Growth Strategy will set out how the whole of the United Kingdom can benefit from the global move to a low carbon economy". Emissions are down by 42 percent, while the economy has grown by 67 percent.
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