UK govt launches flagship green energy plan [Video]

Britain’s new Labour government launched its flagship green energy infrastructure plan on Tuesday, announcing a multi-billion-pound partnership with the business arm of the royal family to develop offshore wind farms.

Prime Minister Keir Starmer is establishing a publicly owned body called Great British Energy to spearhead funding in domestic renewable energy projects as the UK weans itself off fossil fuels.

“There is a massive prize within our reach, and make no mistake the race is on to get there,” Starmer said of his pledge to ensure Britain’s energy “independence”.

His government has allocated £8.3 billion ($10 billion) of public money over the next five years as Labour aims to meet Britain’s climate change targets.

It also wants to bring down the price of energy by reducing reliance on foreign imports of oil and gas.

GB Energy will also seek to attract private investment, and the government announced a first tie-up …