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The Low Carbon Economy Ltd

27 Aug 2009 12:08:07

Renewables becoming vital economy sector

Renewables becoming vital economy sector
Renewable energy technology and cleantech are becoming substantially more important to the economy in Britain, a new report has claimed.

A survey of company leaders from the Department for Business, Innovation and Skills found that 43 per cent of respondents expect cleantech to be the fastest growing sector by 2020.

In addition, science and technology, including research into ways to offset carbon emissions, is expected to experience the second largest growth.

Lord Drayson, the science and innovation minister, commented: "Cleantech and renewables will play a huge part in helping the UK economy to grow sustainably, but we need to do more to encourage innovation in these and other high tech sectors.

"And that means recognising our best innovators, those who are creating the household names of tomorrow."

The UK government recently launched the iawards with Dragon's Den member and entrepreneur James Caan.

This scheme is looking to celebrate and promote high achievers in scientific and technological innovation.



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