NWF unveils $137bn plan to drive UK clean energy investment

Core Insights - The National Wealth Fund (NWF) aims to mobilize over £100bn ($137bn) for investment in the UK economy, targeting growth, job creation, and significant reductions in greenhouse gas emissions by 2050 [1][6] Investment Strategy - The NWF's strategy focuses on three main ambitions: unlocking clean energy growth opportunities, prioritizing decarbonization projects, and reducing costs for households and businesses [2] - The plan includes advancing place-based investments across all four UK nations and strengthening national security sectors such as defence, critical minerals, AI, and green steel [3] Sector Focus - Over the next five years, the NWF has identified ten key sectors for investment, including battery manufacturing, carbon capture, energy storage, hydrogen, nuclear, and transport infrastructure, with an expected allocation of £5.8bn [4] - Additionally, the fund will explore investment opportunities in 15 other sectors, such as semiconductors, quantum technologies, and sustainable aviation fuels, to fill market gaps and attract private capital [5] Economic Impact - The NWF has already committed one-third of its capital, mobilizing over £17bn in private investment and creating or supporting more than 70,000 jobs [6] - The strategy aims to deploy the remaining capital within five years to support government goals related to growth and clean energy while ensuring returns for taxpayers [7]