UK firms call for maintained support for renewable energy

01 Oct 2010
Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter
UK firms call for maintained support for renewable energy

Business leaders in the UK have called on the government to maintain its financial support for renewable energy in order to avoid causing damage to the industry.

The heads of several energy and solar power companies have written an open letter to Treasury chief secretary Danny Alexander, business secretary Vince Cable and energy and climate change secretary Chris Huhne, warning against cutbacks to green energy provisions in the forthcoming spending review.

In particular, the letter highlights the necessity of maintaining support for the feed-in tariff scheme, following speculation that the initiative may be axed.

According to the businesses, such a move would risk damaging confidence in renewable energy and persuading many investors to "flee".

The letter suggested this would "stifle any future investment and seriously jeopardise this country's ability to meet its climate change and renewable energy targets".

This echoes the message issued by Friends of the Earth last week, with the organisation stating that the government must make good on promises to support renewable energy and green job creation.

Digg Digg LinkedIn LinkedIn Facebook Facebook Twitter Twitter