20 Mar 2008 01:03:17
Low carbon economy 'may benefit manufacturers'
UK manufacturers could be in a prime position to take advantage of the business opportunities presented through the move to a low carbon economy, according to a new report.
The Journal reported this week that a report issued by manufacturers' organisation EEF and business advisory firm Deloitte has highlighted the potential benefits of a low carbon economy for the industry, which include the opportunity to design greener technology.
It suggested that manufacturers may wish to explore a range of emerging low carbon sectors, including low carbon transport - with further developments made in internal combustion engines, hybrids and electric vehicles - and energy efficiency.
EEF and Deloitte claimed that manufacturers should adopt a series of recommendations as they shift to a low carbon strategy, including giving greater priority to development and research products and making low carbon items more financially accessible.
According to the 2003 Energy White Paper set out by the UK government, Britain is aiming to cut its carbon emissions by 60 per cent on 1990 levels by 2050.