# UK launches 270 million pound fund to support green heating technology
Published: 2021-09-07
Category: Uncategorized
Category URL: https://tradingherald.com/category/uncategorized/
Meta Title: UK Government Launches $373.63M Green Heat Network Fund to
Meta Description: UK government introduces 270 million pound fund to support low-carbon technologies like heat pumps, solar, and geothermal energy for a sustainable future.
URL: https://tradingherald.com/uk-launches-270-million-pound-fund-to-support-green-heating-technology/

(Reuters) – The UK government said on Tuesday it has launched a new 270 million pound ($373.63 million) fund in its bid to gradually transition away from gas boilers over the next 15 years.

The Green Heat Network Fund (GHNF) will only support low-carbon technologies, such as heat pumps, solar and geothermal energy, which would enable more places in the country to use these from 2022, according to a statement https://bit.ly/3zLcyB3 from the government.

GHNF is expected to fund the delivery of enough total carbon savings by 2050 to equal taking 4.5 million cars in England off the road for a year, the statement added.

($1 = 0.7226 pounds)

(Reporting by Juby Babu in Bengaluru; Editing by David Gregorio)


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