29 Sep '13, 11pm

Investment giants urge Osborne rethink on decarbonisation target

Merrill Lynch, EY and Aviva are among a group of major investors urging George Osborne to introduce a 2030 target to decarbonise the UK's power sector into legislation. In a letter timed to coincided with the Chancellor's speech at the Conservative Party conference today, the coalition of companies overseeing more than a trillion pounds of assets argue the absence of such a target is preventing the UK attracting the £110bn it needs to overhaul its creaking energy infrastructure and bring on new, low carbon power sources. FURTHER READING Ed Miliband: decarbonising the power sector will create a million green jobs Scientists: cut carbon or face consequences The letter cites separate studies by PwC, EY, the Renewable Energy Association (REA), and UK Energy Research Centre (UKERC) that outline the lack of investor certainty in the absence of a target and the missed opportunity...

Full article: http://www.businessgreen.com/bg/news/2297355/investment-g...

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My first investment was with an insurance firm, with $8,000 of my savings invested after some sales talk from a sales pers...