BusinessPostCorner.com
No Result
View All Result
Tuesday, June 3, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Carney: Household bills will fall with new tech

July 10, 2024
in Business
Reading Time: 2 mins read
A A
0
Carney: Household bills will fall with new tech
ShareShareShareShareShare

Under its £7.3bn National Wealth Fund, the new Labour government is to put money towards higher-risk projects, such as gigafatories for batteries, hydrogen fuel, carbon capture, and green steel.

It aims to attract £3 of private sector funding for every £1 of taxpayers’ money.

The private investment will build momentum if the projects are successful, Mr Carney told the BBC’s Today programme on Wednesday.

However, the Climate Change Committee has said that for the UK to get to net zero emissions by 2050 – that is, to completely off-set all carbon emissions – it needs to be investing £50bn per year by 2030.

This is quite substantially more than the amount of investment currently targeted by the National Wealth Fund.

Part of the cost will be taken on by the private sector, and investment will increase over time if green projects are successful, Mr Carney said.

He did caution, however, that some of this would be taken on by households.

“As we’re looking towards the end of the decade… you have better insulated homes, the cost of energy is lower, the cost of managing and running electric vehicles is lower,” Mr Carney said.

“So there’s an initial investment cost, but then the actual cost, the actual household bills that we pay, go down.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

NATO needs help reaching Gen Z so is turning to 20-something TikTok and Instagram influencers from the U.K. and Europe to stay relevant

Next Post

Emmanuel Macron’s centrists off to rocky start in coalition talks

Next Post
Emmanuel Macron’s centrists off to rocky start in coalition talks

Emmanuel Macron’s centrists off to rocky start in coalition talks

Crypto Firms Tap Capital Markets to Fuel Bitcoin Buying Spree

Crypto Firms Tap Capital Markets to Fuel Bitcoin Buying Spree

May 28, 2025
Cardano Price Prediction: On-Chain Data Shows Whales Accumulated While Retail Sold – Is a Parabolic Move Coming?

Cardano Price Prediction: On-Chain Data Shows Whales Accumulated While Retail Sold – Is a Parabolic Move Coming?

May 30, 2025
Art of Accounting: My 600th and final column

Art of Accounting: My 600th and final column

June 2, 2025
Intuit reports rapid growth attributed to AI, tax

Intuit reports rapid growth attributed to AI, tax

June 2, 2025
Russian Crypto Couple Rescued After ,000 Bitcoin Kidnapping – Suspects Flee to UAE as Interpol Issues Red Notice

Russian Crypto Couple Rescued After $43,000 Bitcoin Kidnapping – Suspects Flee to UAE as Interpol Issues Red Notice

May 29, 2025
SEC and Binance Seek to Dismiss Legal Clash—Is the Crypto Industry’s Biggest Showdown Over?

SEC and Binance Seek to Dismiss Legal Clash—Is the Crypto Industry’s Biggest Showdown Over?

May 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Lincolnshire baby banks report rapid rise in demand for services

Lincolnshire baby banks report rapid rise in demand for services

June 3, 2025
Arnold Schwarzenegger tells climate activists to ‘stop whining’ because they don’t have any support from the White House. ‘Sometimes problems need to be solved by the people’

Arnold Schwarzenegger tells climate activists to ‘stop whining’ because they don’t have any support from the White House. ‘Sometimes problems need to be solved by the people’

June 3, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!