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Britain to invest $218 million in low-carbon research, innovation

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06/14/2018 | 01:07pm CEST

OSLO (Reuters) -

* Britain's Department for Business, Energy & IndustrialStrategy (BEIS) expects to invest around 162 million pounds inresearch and innovation to reduce industry carbon emissions,including carbon capture, use and storage * As part of this commitment, BEIS expects to invest around100 million pounds in low carbon industrial innovation to reducethe risks and costs of accelerating the roll-out * Says low-carbon technologies will enable British industryto remain competitive * Part of the investment will be 20 million pounds for aHydrogen Supply programme that aims to accelerate thedevelopment of a low-carbon bulk hydrogen supply solutions forindustry, BEIS said.

(Reporting by Lefteris Karagiannopoulos, editing by Terje Solsvik)

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