Spending Review 'will not benefit renewable energy'

28 Oct 2010
Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter
Spending Review 'will not benefit renewable energy'

The government has been criticised by an environmental campaigner over its funding for renewable energy developments.

Earlier this month, it was announced in the Spending Review that £200 million will be spent on wind farms, but John Barwise, chairman of the Cumbria Green Business Forum, stated that this is not enough.

He pointed out that the renewable energy sector is worth billions of pounds and described the government's funding as "tuppence".

"All they're doing at the moment is supporting the development of the industry and allowing overseas countries to manufacture the equipment that we need," he said.

Mr Barwise added that the government has a chance to invest in the UK's manufacturing base and described its current stance as "nonsense".

As well as the £200 million for wind farm developments, the coalition government is to put £1 billion of public money into a new green investment bank.

Renewable energy companies may be able to access some of the funding to aid them with various developments. 

Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter