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The Low Carbon Economy Ltd

02 Jul 2009 12:07:04

Clean tech investment in UK could bring large economic benefits

Clean tech investment in UK could bring large economic benefits
The UK could generate up to £70 billion and create almost 250,000 jobs from offshore wind and wave power generation schemes by 2050, it has been claimed.

According to a new report by the Carbon Trust, those two renewable energy sources have the potential to deliver 15 percent of the carbon dioxide emissions savings required by the mid-point of the century.

However, it warned that these benefits would only be delivered if the government pursues a policy of increased investment in research and removes regulations that are acting as barriers against renewable energy growth.

The report was launched in tandem with the trust's Clean Tech Revolution campaign, which calls for a new strategy on clean energy if Britain is to become a worldwide hub for the low-carbon economy.

Chief executive Tom Delay said: "These technologies are not green 'nice to haves' but are critical to the economic recovery of the UK.

"To reap the significant rewards from their successful development we must prioritise and comprehensively back the technologies that offer the best chance of securing long term carbon savings, jobs and revenue for Britain."

Meanwhile, the report also indicated that 25 percent of the world's wave technology is currently being developed in the UK.



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