03 Jun 2011 10:06:12
Clean tech 'will not deliver predicted jobs and growth'
Confidence within the UK's clean tech sector is dipping, with few believing the industry will provide economic benefits and jobs.
According to new research from Ernst & Young, just 14 percent of workers are predicting the sector will deliver such benefits, down from 65 percent in November.
Much of this scepticism was said to be due to a lack of clarity in government policy, which has seen Feed-in Tariff levels for solar power slashed in recent months and uncertainty over what the electricity market reform (EMR) will bring.
Previous research from npower also revealed UK businesses are concerned about the EMR and the effect it could have both on energy bills and the competitiveness of British companies on the international stage.
Ernst & Young's research also revealed only 39 percent of the 600 respondents believed clean tech investment would increase, compared to 65 per cent when the quarterly survey was last conducted.
Steve Lang, Ernst & Young's UK clean tech leader, said: "Compared with the level of ambition, clarity of policy direction and scale of investment being delivered by a number of other countries, the UK is in danger of being left behind."