Sept 7 (Reuters) – The UK authorities mentioned on Tuesday it has launched a brand new 270 million pound ($373.63 million) fund in its bid to regularly transition away from gasoline boilers over the subsequent 15 years.
The Inexperienced Warmth Community Fund (GHNF) will solely assist low-carbon applied sciences, similar to warmth pumps, photo voltaic and geothermal vitality, which might allow extra locations within the nation to make use of these from 2022, in accordance with a statement from the federal government.
GHNF is predicted to fund the supply of sufficient complete carbon financial savings by 2050 to equal taking 4.5 million automobiles in England off the street for a yr, the assertion added.
($1 = 0.7226 kilos)
Reporting by Juby Babu in Bengaluru; Modifying by David Gregorio
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