Managers welcome increased funding for green sectors

clock

Managers have welcomed the Chancellor's commitment to further investment in renewable energy and efficiency incentives, as laid out in last week's Budget.

Alistair Darling has set aside an additional £1.4bn to support the low-carbon sector, including £525m for offshore wind and £375m to increase energy efficiency in homes and businesses. As well as pledging a commitment to increasing jobs in the environmental sector, Darling flagged Britain's potential for offshore wind generation to become as important as the country's offshore oil development in the North Sea, with ambitions of deriving 15% of the UK's energy from renewable sources by 2020. Jupiter Ecology fund manager Charlie Thomas said the move presents exciting opportunities for lon...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Green

FCA seeks more members for sustainable advisory committee

FCA seeks more members for sustainable advisory committee

Formerly known as ESG Advisory committee

Isabel Baxter
clock 11 April 2025 • 1 min read
FCA launches voluntary ESG ratings provider survey to better understand market

FCA launches voluntary ESG ratings provider survey to better understand market

To 'help shape important policy area'

Sorin Dojan
clock 25 March 2025 • 1 min read
Aegon: SDR needed as sustainability becomes 'trendy'

Aegon: SDR needed as sustainability becomes 'trendy'

Miranda Beacham talks to PA about Aegon UK’s responsible investment strategy

Sahar Nazir
clock 05 March 2025 • 1 min read