UK and China seal £20m clean tech deal

Date: 7 March 2014

Countries to work together on green manufacturing, low carbon cities, and offshore renewables projects

The UK and China have inked a £20m research deal to develop new low carbon manufacturing processes and technologies, and support the development of low carbon cities and offshore renewables.

Under the terms of the memorandum of understanding (MoU) signed on Wednesday both countries will commit £10m of matched funds over the next three years with around £6.6m made available each year.

The deal, signed by the National Natural Science Foundation of China (NSFC) and the UK’s Engineering and Physical Sciences Research Council (EPSRC), follows a host of Sino-UK collaborations designed to accelerate the development of renewable energy technologies, carbon capture and storage projects, next generation solar modules, fuel cells, smart grids, and electric vehicles.

Since 2007, Research Councils UK (RCUK) has invested £29m in these partnerships, the government said.

Energy and climate change minister Greg Barker welcomed the latest partnership as further evidence of the two countries’ commitment to building a greener economy.

“Investing in innovation and science is essential for both the UK and China to address energy supply issues and meet emissions targets, as well as drive long-term economic growth,” he said. “In the UK we have ring-fenced a science budget worth £4.6bn per year, and invested £29m in joint projects with China.”

China is fast emerging as one of the world’s leading clean tech hubs, having established itself as the largest market for renewable energy technologies and recently announced huge funding commitments to tackle air and water pollution through the adoption of clean technologies.

Source: BusinessGreen.com