Vivid Economics and new Energy Finance conducted research for the oil company Shell, and they report that the UK is leading Europe in the race for green energy investment to contain climate change.
The global market for low carbon technology will be worth £2 trillion by 2030, comparable to major commodities such as wheat and steel today.
In 2007 UK firms attracted £1 billion of venture capital and private equity investment for renewable energy projects and technologies, twice that of any other European country and 41 per cent of the EU total.
UK firms in the marine technology field attracted almost £80 million of private equity investment, and in the solar field almost £48 million.
Britain's green technology market has the potential to grow by 30% a year up to 2020.
The UK is second only to the US for investment in green small businesses and 2007 was a record year for investment in sustainable energy, attracting total global investment of £74 billion, up from £50 billion in 2006.
The greening of energy is both very fashionable and profitable and UK small businesses are taking advantage of the opportunities that are available.
We are assisting them with our UK Business Local Search Directory, which has 1.6 million businesses listed, the bulk of which are small businesses, by delivering qualified prospects to them, at no cost.
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