25 October 2011 | Linton Nightingale
Carbon, Finance/insurance, Europe

 

The European Low Carbon Finance Summit was held in London yesterday.

In Britain’s latest attempt to become the global hub for green investment the UK Government, alongside the Hungarian Government, co-chaired the European Low Carbon Finance Summit in London yesterday.

With a primary focus on Central and Eastern Europe, the specially convened summit highlighted the significant commercial opportunities of an ambitious low carbon transition, and how hurdles that hinder green investment can be cleared.

“Today’s low carbon finance forum – jointly chaired by the UK and Hungary - shows how we want to break down the practical barriers to make investment in green technology a reality in Europe, and can build confidence in Central and Eastern European economies that private sector capital stands ready to invest in low carbon opportunities, said UK Energy and Climate Change Minister, Greg Barker.

“In the UK, we are putting in place radical reforms designed to create new markets and to attract greater amounts of private investment into the low carbon economy. To succeed, our approach needs to be business and investment friendly and we need to draw upon the unique expertise of the City of London,” added Barker.

Hungary’s Minister for National Development, Tamás Fellegi, speaking prior to yesterday’s event mirrored the sentiments of Barker in underlining the “unparalleled opportunities and serious reserves in green economy.”

The summit drew key finance experts, business leaders and policy makers to discuss how best to unlock private funding and stimulate investment in low-carbon infrastructure, low-carbon technologies and renewable energy.
 

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