Business backs Clegg’s green growth

UK plc gave Nick Clegg the nod yesterday after he launched his ‘green growth’ initiative. In a speech at the KPMG headquarters, Canary Wharf’s ‘greenest building’, The Deputy Prime Minister said decarbonising our economy was the “right thing to do, economically speaking.” He wasn’t the only one flying the green flag. The CBI agreed it […]

Clegg: Big Six must tell customers of cheaper tariffs

Britain’s Big Six energy firms will have to tell their customers if they can get a cheaper energy tariff under new plans revealed by the Deputy Prime Minister today. Nick Clegg claims the new policy could save millions of people money on their bills. The major energy suppliers, EDF, E.ON, British Gas, npower, SSE and ScottishPower […]

Environmental cost to business doubles every 14 years

Billions of dollars-worth of environmental costs to businesses are set to double every 14 years, according to new research. The new estimate is based on a study which found environmental costs in 11 key industry sectors jumped 50% between 2002 and 2010, from $566billion (£361bn) to $846 billion (£539bn). The impact of climate change, energy […]

CRC table not perfect, but it’s a start

The recently published CRC league table has caused a bit of a stink since its inception and even the Environment Agency responsible for it have admitted it wasn’t perfect. However, they say more will be gained from the second year, as the first results could provide a better indicator for next year. Speaking to ELN, […]

Politics and business clash over low carbon future

Despite coming together today to wax lyrical over the potential of low carbon technologies, an MP and a head of business disagreed over exactly who should be responsible for driving interest into the sector. The global financial crisis has affected the low carbon economy, as some businesses prefer to cut costly green measures over others. […]

UK Businesses call for major investment amid energy worries

The UK Government must invest more in Britain’s infrastructure if it is to safeguard businesses from losing out to global competitors. New research from the Confederation of British Industry has set alarm bells ringing over what needs to be done to help the UK return from tough economic times. The ‘Making the right connections: CBI/KPMG […]

Nuclear free UK would add huge cost to bills

A mix of energy generation types with a low level of nuclear power could massively increase the cost of electricity generation. A report by advisory experts KPMG, highlights the effects of various sources of electricity generated in the UK. A low level of nuclear could send the price of electricity generation up from around £75/MW […]

Is UK nuclear financeable?

Where the UK sources finance for future nuclear power is far from definite and problems remain in the way of investment. These were the words of KPMG’s Head of Nuclear Advisory, David Simpson, who warned that there were more risks facing investments than many people accept: “The real question is where will the equity come […]

Budget: KPMG unclear on Green Bank intentions

Leading consultancy KPMG says there is a lack of clarity over the government’s plans for the Green Investment Bank. In today’s Budget, Chancellor George Osborne unveiled another £2bn of funding for the bank, which he said would be up and running next year. He also said that in 2013 the UK would introduce a carbon […]

Low carbon cars a priority for motor industry

Investment in low emission cars is a key priority for the motoring industry over the next five years, a group of top executives have said. Development of hybrid cars, electric vehicles and hydrogen fuel-cell technology is vital for growing the automotive industry, said 93% of 200 auto executives in a survey carried out by consultants […]