In a foreword to the strategy document, Prime Minister Theresa May said clean growth was "not an option, but a duty we owe to the next generation" and emphasised that protecting the environment "also benefits our wider economic prosperity".
Energy Institute CEO, Louise Kingham, said: "The strategy is really important for the UK's standing on the global climate change stage, as we look to the next round of United Nations talks hosted by Fiji in Bonn next month".
The new Clean Growth Strategy sets out how more than £2.5 billion will be invested to support low carbon innovation from 2015 to 2021. The world is moving from being powered by polluting fossil fuels to clean energy.
The UK's nascent ultra low emission vehicles sector is set to benefit from a promised £1bn investment to support the take up of EVs and other low carbon road vehicles, with the government also promising to develop "one of the best electric vehicle charging networks in the world" by investing an additional £80m in charging infrastructure.
Low-carbon innovation is at the heart of the government's approach, climate change and industry minister Claire Perry said in a written statement to parliament.
On day prior to the release of the Clean Growth Strategy, the BEIS confirmed that up to £557 million will be available to support less established renewable electricity projects during the next CfD auction, now planned for the spring of 2019.
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According to the U.K. Department for Business, Energy and Industrial Strategy, the Clean Growth Strategy builds on progress made by the country to date.
"We've shown beyond doubt that renewable energy projects are an effective way to cut our emissions, while creating thousands of good jobs and attracting billions of pounds worth of investment".
"This shift offers United Kingdom business and innovators huge potential to shape the future of clean growth", she said at the event. "Last month we saw a record 50% drop in the cost of offshore wind".
The news was welcomed by industry groups, especially those representing the "less established" technologies likely to compete for the next auction. This unbelievable cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions.
"Recent announcements in the offshore wind and auto manufacturing industries have highlighted how a clear vision, supported by detailed policies, enable the private sector to drive innovation, cut the costs of clean technologies and invest in United Kingdom jobs and supply chains". "Onshore wind is the cheapest form of new power generation, and it would be exciting to see what projects in the right places could deliver for United Kingdom consumers".