�400 million for low-carbon Britain
Setting out details of Defra's 2008/09 budget settlement, Hilary Benn - the UK Secretary of State for Environment, Food and Rural Affairs - has announced an increase in funding for clean energy technologies, investments and enterprises to over £400 million over the next three years.
As part of the domestic Environmental Transformation Fund (ETF), the Carbon Trust will receive £47.4 million to bring forward new energy technologies such as offshore wind, third-generation photovoltaic power, marine energy and biomass heating.
This funding will also be used to increase the Carbon Trust's energy-saving loans scheme for small and medium sized enterprises by a further £12 million to £62 million since 2003.
In addition, over the next three years, the government will also provide around £10 million for a new anaerobic digestion demonstration programme. Up to four commercial-scale facilities will show the potential of this technology to create renewable energy, reduce greenhouse gas emissions and avoid waste being sent to landfill.
The budget settlement proposed amounts to a 1.4 per cent increase in Defra's overall budget on 2007/08.
Image: Hilary Benn MP