UK hinders green tech growth
A spokesperson for the organisation said: “The high up-front capital costs of investing in renewables mean that people and councils are less likely to invest in renewables at this precarious financial time.
“We must make it highly desirable for public buildings to be turned into energy generators and ensure that confidence in this sector is not diminished by government indecision on renewable heat incentives.”
She added that consumers and businesses must feel confident that their green investment will give them a long-term return.
This lack of confidence could affect people in green technology jobs. It is hoped that the Green Investment Bank will lead to greater levels of funding from businesses for the advancement and deployment of technologies such as onshore wind power.
According to Energy Helpline, her comments came after Hampshire County Council revealed it will be saving £10 million on its energy bills by fitting solar panels to 200 of its properties.
The devices will generate 10% of the local authority's cheap electricity needs and could help it make £27.4 million from the government's feed-in tariff scheme.
Switching to a green energy tariff can slash your CO2 footprint by two tonnes and also save hundreds of pounds a year.
However, businesses across the UK could soon be set to benefit from clear guidance on how best to invest for a low-carbon future following the publication of the finalised Energy National Policy Statements, reports Rapid.
Share