Printer Friendly

Act to stimulate green growth, Brown urged; SUSTAINABLE INDUSTRIES.

Byline: ANNA BLACKABY Sustainable Industries Editor

Government policy remains the major motor in helping green technology companies meet global energy requirements and create jobs, according to a new report.

Consulting firm Oxford Intelligence's Renewable Energies 2008 surveyed the top executives in renewable energy companies worldwide on their international development plans over the next two to five years.

Oxford Intelligence research director Michel Lemagnen said: "We believe that it is imperative for Government to act now and to implement policies that will enable key renewable energy firms to develop their international footprint."

The UK is still far from reaching 2020 European renewable energy targets and, with increased commitment to nuclear as an alternative solution to fossil fuels, the report's authors believed this could send the wrong message to renewable energy technology firms.

Eighty-six per cent of senior executives in the renewable energies sector have firm international plans in terms of creating jobs and new facilities through to 2010, the report found.

Compared to Denmark, Germany and Spain, the UK has been slow at producing home-grown renewable energy firms - identified by the report as potentially even larger job creators than foreign firms investing in the UK.

According toOxford Intelligence, wind, biomass and biofuels will be the strongest growth areas for jobs up until 2010 but, in the longer term, solar thermal, photo voltaic and biofuels are expected to be the most significant job creators.

The European Renewable Energy Council estimates that the renewable energy sector in the EU-15 countries alone will employ the full-time equivalent of more than one million employees by 2010 and about two million by 2020, with the highest levels of capital investment in wind, solar thermal, biomass and photovoltaic.

Mike Woollacott, managing director of West Midlands-based sustainable technology consultants Greenwatt, said wind and biomass represented the best areas for the UK to focus on, given its natural resources and the fact that it produces a relatively large amount of waste.

He said: "With bioenergy the target is to get it to 30 to 35 per cent of renewable energy by 2020. We're probably around three per cent for electricity at the moment so it's going to be a long way to get there."

Hebelieved the factthat other European countries had put measures in place to stimulate adoption of renewables technology earlier was not necessarily a disadvantage to UK firms. "You could argue that Britain is now in a good potion to learn by others' mistakes," he said.


Limited access meant cranes were used to lift the new boilers into the basement of Sudbury Hall in Derbyshire
COPYRIGHT 2009 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Birmingham Post (England)
Date:Feb 12, 2009
Previous Article:AIM: Alternative sub-market of the London Stock Exchange.
Next Article:Engineers lift 17th-century home into the era of green energy; SUSTAINABLE INDUSTRIES.

Related Articles
IMF members urge Japan to accelerate reform, rev up economy.
5 KEY AIMS; THE LONDON SUMMIT 2009 COUNTDOWN TO THE G20 SUMMIT 2 DAYS TO GO Police and protesters prepare for arrival of world leaders for the G20...
Green +A Design brand from Nielsen Business Media.
Alternative energy sector is expected to grow 25%.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |