INDUSTRY NEWS

Euro targets help green energy firms

The European Commission’s review of renewable energy targets should encourage investment in firms developing green technology, according to one fund manager.

Charlie Thomas, from the Jupiter Ecology Fund said that despite setting some "stretching targets", the commission’s greenhouse reductions were "very relevant" to energy efficiency.

"We would expect these proposals to provide a strong backdrop for growth in renewable electricity generation and for companies involved in the development and supply of renewable energies," he commented.

Developers are currently wrangling over the Planning and Energy Bill, announced by Tory MP Michael Fallon earlier this month.

The legislation proposed that local authorities set on-site targets for new developments of business property and city offices.

The UK Green Building Council’s has claimed that most business property can reduce its carbon emissions to zero by using a mixture of on-site, near-site and off-site renewable solutions.

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