Gov announces £66m for clean energy initiatives at COP27

UK prime minister Rishi Sunak has announced a further £66 million of funding for the Clean Energy Innovation Facility (CEIF) at this year’s Climate of the Parties (COP27).

Launched in 2019 by the department of Business, Energy & Industrial Strategy (BEIS), the CEIF provides grants to researchers and scientists in developing countries to accelerate the development of clean technology.

The government said the funding comes in support of the government’s aims to partner with the private sector to facilitate green innovation and energy transition, at home and around the world.

Sunak told COP27 attendees: “By honouring the pledges we made in Glasgow, we can turn our struggle against climate change into a global mission for new jobs and clean growth.”

The government said that funding will also help the drive for net zero, reducing the global demand for oil and gas, and “cut off the funds for Russia’s brutal war machine”.

Since its inception, the CEIF has supported the creation of biomass-powered refrigeration in India, prototype lithium-ion batteries in Nigeria and clean hydrogen-based fuels for steel production in Morocco, among other innovations.

    Share Story:

Recent Stories


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.