Renewables make a £2.5bn boost to the economy

Huhne announces progress towards EU targets
9 January 2012

The Energy Secretary, Rt Hon Chris Huhne MP, has announced new figures from DECC, showing that there has been almost £2.5bn worth of investment in renewable projects in the UK over the last financial year. This equates to almost 12,000 jobs in the UK. A separate report to the European Commission, focusing on progress to meeting formal EU targets, shows that the UK has achieved a 27% increase in renewable energy consumption from 2008 to 2010, which represents 3.3% of total energy consumed.  Commenting on the figures, Mr Huhne noted, ‘ I do not want the UK to be left behind by turning our back on the green economy. The agreement to negotiate a global deal secured at Durban has reinforced major nations’ commitment to cutting carbon. We cannot afford to stand alone while the world wises up.’