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Green Deal 'drives wider economy'

UK policy and business leaders discuss Green-Deal collaboration with North America at energy conference.

British government and business leaders have discussed the economic and environmental benefits of the UK’s Green Deal during a Renewable Energy World 2012 conference panel.

The panel focused on how government policies act as core drivers to develop a clean energy economy and spur global business opportunities.

Dan Monzani, deputy director of the Green Deal, Department of Energy and Climate Change.

 “The UK’s aggressive policy framework has created a dynamic business environment that fosters innovation, catalyses the shift toward sustainable business thinking and spurs the adoption of low-carbon practices.”

“Policies like the Green Deal have transformed Great Britain into a global hub of clean technology.”

“Policies like these are helping to drive growth of our own domestic low-carbon economy while also opening new business opportunities with overseas companies like the ones we are meeting at Renewable Energy World.”

The UK has set a national goal of reducing carbon emissions by 80 percent by 2050.

The government launched the Green Deal to enable consumers to invest in energy efficiency measures and technologies at no upfront cost.

Consumers repay the costs associated with the retrofits through the money saved on future energy bills.

Tim Pollard, head of sustainability, Wolseley, a UK-based, global supplier of builders’ products, expects “the Green Deal to have a transformational effect on our core business and undoubtedly it will provide commercial opportunities in the green building sectors of both the UK and abroad.”

Pollard, who also spoke on the RE World panel, was one of four UK businesses visiting California and Boston this week to discuss how the Green Deal can open business alliances with the United States.

Great Britain’s energy efficiency retrofit market – worth an estimated $5 billion a year – is attracting a lot of attention by US entrepreneurs as well. Tim Donovan, CEO of Day One Energy Solutions, explained why, as an American, he chose to establish his energy efficiency consulting business in Great Britain.

“The UK is driving its transition to a low-carbon economy by enacting some of the most forward-thinking policies in the world, making it an attractive location for companies like mine to locate,” said Donovan. “The long-term British policies and incentives put in place to meet the low-carbon objectives give businesses the needed confidence for the future.”

The US is the largest market in the world for low-carbon environmental goods and services – both as suppliers and consumers.

“As the rest of the world expands their own clean energy economies, there is a strong recognition that the technical know-how and ambitious policy approaches of the UK are affording strong opportunities for business collaboration, particularly in energy efficiency,” said Rosenfeld.

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