UK Green Tech Gets $4bn Qatari Boost
The Qatar Foundation, a non-profit organisation, is set to invest $4 billion in green energy research in the UK.
The investment will be used to establish a research hub in the UK as well as fund research projects in green aircraft fuel, carbon capture and storage, and long-term energy storage.
The research hub will be located in London, Cambridge, and Oxford and will provide seed funding for UK startups in the green energy sector. The goal is to encourage these startups to remain in the UK and attract international talent to the country.
The investment is expected to create 7,500 jobs by 2030 and 30,000 jobs within 15 years. It is also expected to help the UK achieve its net-zero emissions target by 2050.
Qatar Foundation Says It Will Work with Rolls-Royce to Develop Climate Tech Ventures
The Qatar Foundation has said that it will continue to work with Rolls-Royce to develop new climate tech ventures and technology hubs, both in the UK and Qatar.
The foundation's president, HE Dr. Hassan Al-Thawadi, said that the investment in green energy research is part of the foundation's commitment to "building a sustainable future for Qatar and the world."
Rolls-Royce's chief executive, Warren East, said that the partnership with the Qatar Foundation is "a major step forward in our efforts to decarbonise the aviation industry."
The two organisations plan to work together on several projects, including the development of new green aircraft fuels, carbon capture and storage technologies, and long-term energy storage solutions.
Qatar's $4 Billion Green Energy Investment Aims to Attract International Talent
Qatar's $4 billion investment in UK green energy research is also aimed at attracting international talent to the country.
The investment will create a "base" around London, Cambridge, and Oxford, which will be attractive to researchers from around the world.
One official involved in the project said that the goal is to "find the brightest brains in the UK and attract the brightest brains in the world to come and join them here."
The investment is a significant boost for the UK's green energy sector, and it is expected to create thousands of jobs and help the country achieve its net-zero emissions target. It is also a sign of Qatar's commitment to investing in clean energy and its willingness to work with international partners to address climate change.
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Source: Arab News