Tag: Greenhouse gas emissions

Kiran Stacey

Banks will have to supply 2 per cent of Europe’s GDP, or €2.9 trillion, to meet consumer demand for projects and technologies that tackle climate change, according to a new report from Barclays and Accenture.

The report took what it calculated to be the likely level of demand for things such as wind farms, energy efficiency measures and electric vehicles and estimated how much capital would be needed to fund these.

In a way, this looks like good news: demand is likely to be so high that it could provide a real opportunity for the banks. Rupesh Madlani, head of European renewables and cleantech equity research, told Energy Source: “There is a lot for the banks to play for here.”

Kiran Stacey

Good news from the UK’s energy department today. Greenhouse gas emissions fell by 8.7 per cent in 2009, according to final official figures.

The FT reports:

The UK’s greenhouse gas emissions dropped 8.7 per cent in 2009 as the recession took its toll on fuel and electricity consumption across the economy.

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