We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedTechnology

Carbon Trust and Siemens offer £550 million green finance


The new low carbon finance scheme will be open to all businesses from 4 April and last three years

Article comments

The Carbon Trust and Siemens have launched a joint partnership to provide £550 million to help UK businesses invest in low carbon technology over the next three years, the organisations announced on Friday.

Siemens Financial Services will provide the finance and manage funding allocation while the Carbon Trust will offer its expertise in energy efficient technologies to assess the carbon energy and cost savings of any application.

The new low carbon finance scheme is a first in the UK and will be open to all businesses from 4 April 2011.

James Gearey, CEO of Siemens Financial said “ hundreds of millions of tonnes of carbon emission reduction that has been delivered through Siemens technology”. 

"A missing ingredient at present is access to affordable finance to enable business to make green investments. This new major finance facility will improve business competitiveness, cut carbon and boost green growth," said Tom Delay, chief executive of The Carbon Trust.

The initiative comes as Chris Huhne, energy and climate change secretary, set out the government's plans on Friday for the move away from a dependence on fossil fuels.

Huhne said the UK must act to shift its oil dependency to greener technologies to ensure a more stable, efficient low carbon economy.

Share:

Recommended Articles

Comments

Carbon Trust and Siemens offer £550 million green finance
Technology

How new technologies are transforming finance

How new technologies are transforming finance

CFOs, once sceptical about technology, are now among its biggest supportersmore ..


Boris Johnson: London will have 5G by 2020

Network to be deployed with University of Surreymore ..

Customers should be allow to sell on 'their' data, says ICO

“Big data is not a game that is played by different rules” says the Information Commissioners Officemore ..

'Nadella Effect' makes Ballmer $2.8bn richer

And since Thursday's downsizing, CEO Satya Nadella has an extra $1.3M in his portfoliomore ..

What does your perfect datacentre look like?

The financial impact of rising energy bills is a headache for companies toomore ..

What UK business needs to do now with big data

In the final of a three-part series, we look at the potential for companies to become victims in the battle for big datamore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *