Private investment in clean energy is encouraging in UK

Ministers say the level of private investment in clean energy is encouraging
The UK is on course to meet its carbon emission reduction targets by 2020, Energy Secretary Ed Davey said ahead of a clean energy summit in London.

The meeting brings together energy ministers from 23 countries who are seeking solutions for power sources that do not fuel climate change.

Many Tory MPs are urging ministers to scale back support for wind power projects, saying costs are too great.

A fund to help firms demonstrate clean technologies is set to be unveiled.

The government hopes the two-day gathering will enable the UK to “showcase” what it is doing to promote energy efficiency and low-carbon development.
‘Leading the world’

Ministers are launching a £35m fund to help entrepreneurs demonstrate low-carbon technologies such as advanced lighting, heat pumps and ventilation technology.

Mr Davey said the fund and other initiatives would “accelerate progress” on clean energy, telling the BBC that “this is a practical way that we can make sure we get to a low-carbon economy”.

Amid reports of divisions between the Conservatives and their Lib Dem partners about the cost of environmental pledges, campaigners say David Cameron’s aim to lead the “greenest government ever” is proving hollow.

But Mr Davey insisted ministers “were all in it together” when it came to the government’s environmental goals.

Source: Bbc