Acting Chief Executive of the Chartered Institute of Plumbing and Heating Engineering Kevin Wellman has expressed support for Chris Huhne’s ideas about the future of green investment and its impact on the economy.
The Energy Secretary recently gave a speech outlining his reasons for promoting green investment in the UK, citing economic as well as environmental benefits which he believes will develop in tandem.
Said Kevin, “It’s a simple case of supply and demand. The government is creating demand for green technology by imposing carbon emissions targets and energy companies are creating more by putting their prices up. Higher prices and lower carbon emissions targets force people to look elsewhere to fulfil their energy requirements. If we keep demanding green technology, and improved green technology, we will see a massive growth in that industry sector.”
It’s not just about growing a single industry sector though. It is believed that UK businesses could save up to £23 billion a year by using their water, energy and raw materials more efficiently. Implementing a balanced and more secure energy structure is also likely to attract investors.
Added Kevin, “Japan’s nuclear disaster has caused them to rethink their energy strategy and they are now planning a more balanced approach. This is prudent, not only in safeguarding public health but also to secure financial investments. In the UK our reliance is mostly on fossil fuel, not nuclear power. This is becoming an increasingly untenable position and I would advise all plumbers and heating engineers to keep up to date with technological developments for the benefit of their customers.”