Low carbon commitment to stabilise energy costs
Wed, 08 Jul 2009
Low carbon energy solutions will lead to more stable and reliable pricing in the future, it has been predicted.
Green Alliance associate Chris Hewett was commenting after the former head of BP, Lord Browne of Madingley, called on the government to force banks that have been bailed out by the government to invest in renewable energy schemes.
He said the biggest obstacle in the transition to a lower-carbon economy is the lack of credit, meaning government direction is needed on the matter.
Mr Hewett claimed the days of low energy prices are over, adding that while moving to low carbon technologies may have a cost to start with, in the long term prices will be more stable.
"There is no low energy price future so if we go for a high carbon future then prices will be high for consumers," he said.
"We are expecting fossil prices to increase in the future. Before the credit crunch and the financial crisis the price of oil was extremely high and quite volatile; all main energy commentators are expecting on recovery a similar effect on fossil fuel prices."
Last week, Gordon Brown told the government’s Low Carbon Economy Summit on London's South Bank it is already estimated that environmental industries, including renewable and nuclear energy, waste management, pollution control and energy efficient products will be worth £432 billion by 2010 - equal to the size of the global aerospace industry.
How Microsoft can help
Many companies have been working to reduce their carbon emissions over recent years. Ignoring the environmental benefits, being green makes excellent business sense in terms of reducing costs and meeting customer expectations. However, until now the drive has been purely optional. Learn More
Find a Microsoft solution partner
More Green IT News
View all articles
|
|
|
|
