Press Release - Low Carbon Summit

06 Mar 2009


Innovation will drive the low carbon economy - Technology Strategy Board

Speaking at the Government's Low Carbon Industrial Summit in London today Iain Gray, Chief Executive of the Technology Strategy Board, said that technology and innovation will have a crucial part to play in building Britain's low carbon economy over the coming years.

At the Low Carbon Industrial Summit, the Prime Minister, together with Peter Mandelson and Ed Miliband were meeting business leaders to map out the UK's industrial priorities for taking advantage of the new global low carbon economy - currently estimated to be worth £3trillion globally and employing over 880,000 people in the UK.

As part of the event, the Technology Strategy Board led a discussion with business leaders on the opportunities for technology and innovation provided by a low carbon economy, how business can take advantage of those opportunities; the barriers to overcome; and how Government can best provide support.

Speaking at the event, Chief Executive Iain Gray said "We face major challenges in moving to a low carbon economy, and innovation is one of the key factors which can create new solutions to these challenges while at the same time creating huge business opportunities."

Iain Gray continued, "the Technology Strategy Board, working with many partners, is already investing heavily in helping business to find innovative technology solutions which will meet these new market challenges, particularly in the areas of energy generation and supply, low carbon vehicles and low impact buildings.

"Today's summit is an important part of the focussed debate which must take place across all sectors of the economy to develop low carbon products, businesses and markets in the coming years."

As part of its activities the Technology Strategy Board runs Innovation Platforms to bring government, business and research together to focus on areas such as low carbon vehicles and low impact buildings. In recent months, as part of its £1bn three-year innovation investment programme, the Technology Strategy Board has announced competitions for funding to develop ultra-efficient systems for low carbon vehicles, to provide up to 100 electric vehicle demonstrators around the UK, to retrofit existing houses to improve their environmental performance, and to research and develop carbon abatement technologies.

Press Release - Low Carbon Summit

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Last updated on Friday 06 March 2009 at 17:22

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