Firms could save millions in green economy

Small companies in the UK could save millions annually if the government truly invests in a green economy, according to a joint letter from several organisations.

The Trades Union Congress, Friends of the Earth (FoE) and the parliamentary Aldersgate Group have written to chancellor George Osborne to highlight the benefits of green investment to the economy as a whole.

Commenting on the initiative, the FoE's director of policy and campaigns Craig Bennett said: "Green investment is urgently needed to unlock the massive jobs potential of new technologies and industries like off-shore wind, and support energy efficiency schemes that will save businesses, local authorities and taxpayers billions of pounds a year."

One of the recommendations in the letter is for carbon budgets for local councils which could facilitate more green jobs and reduce bills.

The letter also called for extensive investment in green skills and education to create a strong workforce for a future low-carbon economy.

However, progress could be slow as separate research from Lloyds Commercial this month found that 48 per cent of businesses in the UK cut back on green measures because of money worries.

Posted by Christopher Evans

Published on: October 12, 2010

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