Billionaires like Richard Branson are among the richest people in the world because they can see which way the wind is blowing and make smart business investments accordingly. It therefore shouldn’t surprise anyone to learn that Sir Richard and fellow UK business leaders see the limited use and potential for fossil fuels and, in an open letter to Prime Minister David Cameron and Chancellor George Osborne, have urged that the country be put on the path to “a low carbon economy” and that the government “back renewable energy“.
In the letter, written by Robin Smith, founder of HOST Universal, the coalition of green-minded businessmen stated that “as entrepreneurs, investors, economists, scientists, engineers, energy providers, community builders and Members of Parliament, we are increasingly concerned about the lack of clarity around the future of government support for land based renewables, such as solar, wind and biogas.”
“In wind alone, the UK has more than 40% of Europe’s renewable energy resources – enough to power u pour economy 3 to 4 times over, generate exports, and provide the tools for communities and entrepreneurs to do their job. Bringing energy supply and demand together, a decentralised energy market can make real efficiencies in costs associated with our antiquated infrastructure and transmission loss, deliver savings for tax payers and provide frustrated investors with new opportunities.
In the on-going review of renewable energy support, we ask that the Government recognises the importance of simple and accessible Feed-in Tariff policies, to guarantee the broadest possible ownership of the UK’s next generation of energy infrastructure.”
The letter is signed by over a hundred business leaders, politicians and scientists including Ecotricity’s Dale Vince, Good Energy’s Juliet Davenport, Jeremy Leggett of SolarCentury and leader of the Green Party Caroline Lucas.
The letter also delivered a body blow to the NIMBY (Not In My Back Yard) movement, that has hampered the construction of wind farms, saying: “We urge you to ensure that planning inspectors know that the future of the low carbon economy is at stake and our collective needs, both local and national, must be taken into account.”
To read the complete letter, click here.