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The Low Carbon Economy Ltd

21 Feb 2008 03:02:10

Defra announces £400m low carbon investment

Defra announces £400m low carbon investment
The Department for Environment, Food and Rural Affairs (Defra) has declared that it intends to invest more than £400 million in clean energy technology during the next three years, it emerged today.

Some £47.4 million will be allocated to the Carbon Trust, which will be used to make further developments in low-carbon energy generation techniques such as biomass heating and offshore windfarms, as well as marine energy and solar power.

In addition, the funds will provide support to the Carbon Trust's energy-saving scheme for small and medium-sized businesses by boosting its loans programme.

Commenting on the announcement, Hilary Benn said the new investment ensures that the government is moving forward to build "a low carbon Britain".

He added: "We are focusing our efforts on helping to provide sustainable options for the future as well as supporting and influencing governments, businesses and consumers locally and globally."

Earlier this week, Defra annouced that a government code of best practice has been planned for the voluntary regulation of consumer products that claim to offset carbon emissions.ADNFCR-1235-ID-18477915-ADNFCR

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