The low-carbon products and services sector, often referred to as green business, could contribute over $30 billion to Britain’s economy by 2015, the country’s leading business lobby said recently, reports Karolin Schaps at Reuters News. John Cridland, director general of CBI, the Confederation of British Energy, added that if the UK got its energy and climae change policies right, the country could close their trade gap by over $1 billion by then. The CBI wants the government to meet its fourth carbon budget, which sets goals for Britain’s carbon-cutting program, to ensure its current electricity market reform gives long-term investment signals, and wants government to reduce complexity in low-carbon regulation. “The so-called ‘choice’ between going green or going for growth is a false one …when in reality, with the right policies in place, green business will be a major pillar of our future growth,” he said. CBI estimates that over a third of all UK growth in the past year may have come from green business, a market worth globally over $4 trillion by 2011.The sector now employs nearly one million people in the UK, the group said.
Going green could add $31b to UK economy by 2015. The low-carbon products and services sector, often referred to as green business, could contribute 20 billion pounds ($31.16 billion) to Britain’s economy by 2015, the country’s leading business lobby said on Thursday. Reuters http://www.scientificamerican.com/article.cfm?id=going-green-could-add-31billion-to