Green growth: How best to promote green investment

Green growth: How best to promote green investment
Document type
Report
Corporate author(s)
CentreForum
Publisher
CentreForum
Date of publication
9 February 2011
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

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Governments worldwide are seeking to promote policies which will promote a low carbon energy infrastructure. The scale of the challenge is immense. The electricity and heat generation sector is by far the largest emitter of greenhouse gases in Europe accounting for 25% of total greenhouse gas emissions. The European Commission estimates that the investment cost of the renewable energy target of 20% of total EU energy consumption by 2020 will be Euro 667 billion. In the UK, OFGEM estimates that the UK needs by 2020 around £200 billion in generation, electricity networks and gas infrastructure of which at least £110 billion would be needed in new generation and transmission assets in electricity – over double the rate of the last decade.

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