"We are investing in the UK’s most important asset - our workforce - to ensure that our people have the right skills to deliver the low-carbon transition and thrive in the high-value jobs this will create.

The new emissions trading system (ETS), that will charge power plants and industrial plants for each tonne of CO2 emitted through ICE, will replace the EU ETS that the United Kingdom left at the end of the Brexit transition period in December 2020.

With a focus on continuing its progress at pace, the UK SMR team is transitioning from being a collaborative consortium to a stand-alone business, which will deliver a UK fleet of power stations to become a low carbon energy bastion alongside renewables,

Nuclear power, whether large-scale, small-scale, or advanced, will have a key role to play in meeting the country's net-zero by 2050 goal.

The United Kingdom targets 65% of renewables in the power mix by 2030 (47% achieved in 2020).

The United Kingdom already aims to reduce GHG emissions in 2030 by 68% (excluding IAS) compared to 1990 levels. In June 2019, the country pledged to reach net zero emission by 2050.

The two planned power stations -- Keadby 3 and Keadby Hydrogen -- will form a "clean power hub" near Scunthorpe and accelerate the decarbonization of the Humberside region, the UK's largest and most carbon-intensive industrial cluster.

The Sofia wind farm will be located 195 kilometres (121.2 miles) off the UK’s North East coast in the shallow area of the central North Sea, known as Dogger Bank. Once fully operational, it will be capable of producing electricity for 1.2 million UK homes per year.

Now about GBP10 billion of the North Sea Transition Deal's GBP16 billion of joint state/industry funding is to go to hydrogen production, with clear preference for natural gas-based projects.

The British company, whose businesses supply gas and electricity to millions of customers, said the deals would increase the proportion of its assets in electricity to 70% from 60%.