Invest in a green future

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THE first question many people ask about a new green future of zero emissions transportation, climate friendly heating, super insulated homes and sustainable power generation is “How much will it cost?” And, more importantly, “Who is going to pay?” “

The answer is a very good deal, and the investment will come from many sources. The government’s 10-point plan for a green industrial revolution proposes
£ 12 billion in funding, which he hopes will be matched by the private sector.

Government funding is focused on launching low-carbon technologies that will propel the future by encouraging innovation through the Net Zero Innovation Portfolio (www.gov.uk/government/collections/net-zero-innovation- portfolio).

You may have seen the small, hydrogen-powered, driverless submarine designed to carry cargo in shallow water that recently got development funding.

More established technologies such as air source and ground source heat pumps, electric cars and solar panels are improving in their design and becoming cheaper as they become a mass market, making their adoption easier and comparable in size. cost to ordinary households to their fossil fuel-burning equivalents.

Any period of great innovation offers investment opportunities and the Green Revolution is no different. This year, the Treasury will issue sovereign green gilts and green savings bonds through National Savings and Investments.

The proceeds of these, in addition to providing a return to investors and savers, will be used to fund only eligible green projects, giving ordinary people the opportunity to directly fund green innovation.

If you want to invest directly in specific green innovation projects, you can also do so through crowdfunding platforms such as Abundance Investment (www.abundanceinvestment.com).

Abundance offers the opportunity to invest in a variety of energy saving and sustainable power generation projects, for example, a project to install energy efficient LED lighting at Global Berry growers, allowing their greenhouses grow British strawberries all year round.

Abundance also provides a useful market where stocks in existing projects can be bought and sold.

There are opportunities even closer to home to invest in local green energy projects.

Reading Community Energy installs solar panels paid by public subscription and has 22 solar panel systems on local rooftops.

Reading Hydro has used a public subscription to raise the funds needed to install Archimedes Twin Screw Turbines in the River Thames at Reading, which will generate 320 megawatt hours of energy per year.

The sale of the generated electricity then provides a return to investors.

Reading Hydro is a public utility and aims to cover costs, without making big profits.

I tried really hard to get more shares when they were announced earlier this year. This is a testament to the number of people eager to invest in the green economy that they were sold in a matter of days and I was disappointed.

In Henley, the City Council Climate Emergencies Task Force has its own community aid company, Chiltern Hills Community Energy, which aims to raise funds through public subscription to install solar panels at local business premises.

So, as the old saying goes: “Where there is mud, there is brass”.

While the green revolution might not offer a lot of crap, it will provide plenty of opportunities for those who want to invest in exciting new green technologies.


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