A guide to what NS&I bonds will invest in
Make transport cleaner
To achieve net zero greenhouse gas emissions by 2050, it is essential that the UK reduce harmful emissions caused by gasoline and diesel vehicles and other transport. This is an important area of green spending.
Example of a project: Financing of zero emission buses.
Renewable energies rather than fossil fuels
Green spending in this area will focus on projects that help us move away from our dependence on fossil fuels in favor of renewable energies, such as wind and solar power.
Examples of projects: Net zero innovation portfolio, including funding for wind energy and hydrogen research.
Spending will focus on recycling projects and technologies that capture and store carbon from the atmosphere. They will help reduce and control the amount of pollution we produce as a society.
Examples of projects: Carbon capture and storage.
Protect natural resources
Literally, doing the green stuff – spending on projects that help protect the environment, the countryside, and areas of natural beauty.
Examples of projects: Plantation and conservation of forests.
Use energy more efficiently
One way to achieve net zero by 2050 is to be smarter with how our energy needs are met. Green spending in this area will include improving the efficiency of older buildings to reduce energy waste.
Examples of projects: Decarbonization of hospitals, schools and other public buildings, renewable heating.
Adapt to a changing climate
Green spending also means paying attention to the threats associated with global warming – helping us, as a society, adapt and prepare for the future.
Examples of projects: Flood defenses and early warning systems.
Find out more about the government’s green spending plans here: www.gov.uk/government/publications/uk-government-green-financing