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15 Jul 2009 11:07:02

LowCarbonEconomy.com held up in UK government report

LowCarbonEconomy.com held up in UK government report
LowCarbonEconomy.com has been highlighted by the UK government as an example of how businesses are helping to attract new investment in environmental technologies.

The government launched its Low Carbon Industrial Strategy (LCIS) today (July 15th), setting out a path of action to ensure that companies are given the economic support and incentives required to transition into a low-carbon future.

It referenced this website as an example of an organisation helping to increase "the exposure of companies seeking finance to potential investors", something that the government has recognised as a key step on the road to a low-carbon society.

The LCIS noted how LowCarbonEconomy.com allows potential investors to learn about new environmental technologies, concluding: "The government will continue to monitor and encourage activity in this area."

Plans for the world's largest wave farm were also given government backing in the industrial report.

Included in a raft of new funding was £9.5 million for Wave Hub - a development and testing facility that will demonstrate the potential of marine power generation off the coast of Cornwall and will connect to the national grid.

This will form part of £60 million that has been set aside for Britain's wind and tidal sector, in addition to £15 million earmarked for a new nuclear advanced manufacturing research facility.

Announced by business secretary Lord Mandelson, the LCIS also included details of the UK's first Low Carbon Economic Area, which will be located in south-west England.

The government is publishing several new reports and a white paper documenting its plans to ensure that the UK meets its legally binding carbon dioxide emissions targets.

It will also reveal plans to reduce carbon emissions from UK transport and a new strategy on renewable energy.



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