Britain will fall further behind the US on green technologies without a national investment fund to help turn start-ups into the companies of tomorrow, a leading think-tank has warned.
The Institute for Public Policy Research said the UK needs billions of pounds of strategic state investment to deliver government plans to put innovative green manufacturing at the heart of the economy.
“Without urgent government action, the UK will remain on the starting blocks of the race to capture the green industries of tomorrow,” said the IPPR, a left-of-center research group. The Treasury should provide initial funding after which the NIF should be funded by North Sea oil and gas tax receipts or new levies on fossil fuel share dividends and buybacks to “divert excess profits into productive investments in a future green economy,” IPPR said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Abu Dhabi wealth fund puts $450 million more into Australian private credit fundBy Lewis Jackson SYDNEY (Reuters) - Abu Dhabi's sovereign wealth fund, one of the world's largest, will double its investment in an Australian real ...
Read more »
Indonesia Will Ease Solar Power Rules to Unlock Green InvestmentIndonesia will temporarily relax rules that have slowed development of solar energy in the coal-dependent country, lifting one of the many regulatory and legal roadblocks to the archipelago’s pledge to reach net zero emissions by mid-century.
Read more »
Company redesigns proposed Ontario Place waterpark and spa; adds more public spaceTORONTO — The European company planning a spa and waterpark at Ontario Place says it has completed a redesign to create more public space and give the building a smaller footprint in response to feedback.
Read more »
Company redesigns proposed Ontario Place waterpark and spa; adds more public spaceTORONTO — The European company planning a spa and waterpark at Ontario Place says it has completed a redesign to create more public space and give the building a smaller footprint in response to feedback.
Read more »
Therme redesigns proposed Ontario Place waterpark and spaThe new design includes nearly 16 acres of public space, including 3.4 acres of parkland and trails on top of the waterpark building
Read more »
Proposed national park in Edmonton’s river valley moving to planning phaseThe next step is the planning phase, where boundaries for the park will be defined and funding from the federal government will be confirmed.
Read more »