Wednesday 23 March 2011

Budget: Osborne has missed green opportunities says REA

The Renewable Energy Association says today's Budget has failed to seize green growth opportunities.

Chief executive Gaynor Hartnell said there was "nothing really significant in theBudget to alleviate growing anxiety about the pace of delivery across the UK renewables industry".

She added: "Renewables presents such a growth opportunity, it's a shame not to see Britain not seizing on this agenda as a means of pulling the country out of recession. Globally, renewables grew more rapidly than established energy technologies last year."

She said the announcement of an extra £2bn for the Green Investment Bank was welcome, "but of limited early value given the very long delay before it can raise revenue".