Vince Cable: Green taxes hampering British business

Business Secretary Vince Cable has warned green taxes on energy, which hits energy-intensive industries, are undermining businesses in Britain. He said levies such as the carbon price floor are hampering businesses due to the high costs, which are not faced by international competitors. Speaking at the Lib Dem party conference in Glasgow, he added British […]

Whisky distillery tots up backing for green power

The Macallan whisky distillery in Speyside, Scotland has won backing for its green energy project. Today it was announced the Green Investment Bank and John Laing are investing £26 million, while the Treasury is guaranteeing £48 million of debt raised from the bond market. Due to be ready in 2016, the new biomass Combined Heat […]

£150m efficiency boost for UK construction industry

The Government has pledged that up to £150 million will be invested in the UK construction industry to help develop more energy efficient buildings. The Technology Strategy Board (TSB) will invest £60 million over the next five years to support the design and development of buildings which use less energy. The Government expects the figure […]

UK green bank’s first Northern Ireland investment

The Green Investment Bank (GIB) has completed its first investment in Northern Ireland, supporting renewable energy generation in the country. It has invested £20 million for the construction of a 15.8MW wood-fuelled combined heat and power (CHP) station at the Londonderry Port and Harbour Commissioners land at Lisahally. The Evermore project – forecast to be […]

£14.7m share for 3D printing in energy sector

Businesses in the UK will benefit from a £14.7 million investment to develop 3D printing projects for the energy and healthcare industries. The Technology Strategy Board and Research Councils are investing £8.4 million for 18 research and development projects – which will last between one and three years – while the rest will be provided […]

Cable snaps over energy firm bonuses?

Energy firms should show more “restraint” when awarding their top execs bonuses, Vince Cable has suggested. Although he noted times have obviously changed since the 1980s when the energy firms were nationalised, he suggested energy firms should be sensitive to the public. The Business Secretary told the BBC: “The Government doesn’t set prices and incomes, […]

UK lays out nuclear strategy to get into £1trillion industry

UK ministers want the nation to tap into the £1trillion global nuclear market, they said today in a new strategy for civil nuclear power. Business Secretary Vince Cable and Energy Secretary Ed Davey announced the plans which cover the whole market from new build, operations and maintenance to waste management, decommissioning and fuel cycle services. […]

Sainsbury’s campaign promotes fuel efficiency

Sainsbury’s new awareness campaign, which is the brainchild of four schoolchildren, has been launched to promote fuel efficiency measures and cut emissions. Four 13-year-old boys from Twickenham were given the green light to trial their project, which aims to encourage drivers to check their tyre pressure whilst filling up at a petrol station. Their findings […]

UK’s Green Investment Bank open for business

The UK’s Green Investment Bank (GIB) has officially been declared open as new details of its first investments are announced. Funded with £3 billion of Government money, the GIB is designed to encourage private sector investment in the UK’s transition to a green economy. Speaking in Edinburgh where the new bank is headquartered, Business Secretary […]

Step forward for carbon compensation for big energy users

Government plans to compensate large energy users with a £250million package took an “important” step forward today as BIS and DECC opened a consultation on how the scheme would work. Chancellor George Osborne announced the cash last year to help manufacturers cope with the cost of emission-cutting taxes such as the EU Emissions Trading System […]