2007/8 figures UK 11th in Europe with 2% of the market
A Solent Low Carbon Economy
Creating a Solent Low CarbonEconomy Using a low carbon, green economy to generate growth and prosperity Bill Clark Solent Low Carbon Economy Development manager (Solent LEP and PUSH)
Introduction• Developing a low carbon economy for South Hampshire is a joint initiative of:• The Solent Local Enterprise Partnership (LEP)• Partnership for Urban South Hampshire (PUSH)• Hampshire Chambers of Commerce
A low carbon economy?• Why do this?• What is our long term objective?• How will we deliver it?• Where will the resources come from?
Why? - Energy• In 2004/05, - UK became net importer of oil and gas.• China’s energy demand will increase 75% between 2008 and 2035, when it will account for 22% of world demand.• Resulting in rising energy costs for UK households and businesses• Oil and gas are found in politically unstable and unpredictable regions (e.g. Middle East)• 96% of Solent energy sourced from outside of the area Sources: International Energy Agency, Chief Scientific Advisor, DECC; Centre for Climate Change
The European Solar MarketSolar Thermal UK Solar Photovoltaic UK Source: Energy Savings Trust
Why? – Green Economy Growth•£122 billion • One-third•£3.3 trillion • £5 billion•8% • 55,000•5% per annum • 940,000•£20 billion Sources: CBI; DECC
Why? – Local Strengths•World Class institutions – ground breakingR&D•Strong complimentary sectors –Engineering, Marine, IT, Defence•Natural resources – wind, tidal, wave,biomass•Exemplars – geothermal energy
Summary • Carbon pricing, regulatory penalties, reduced competitive advantage Risks and • New markets for innovative companies such asOpportunities smart technology, bio-based materials • Local strengths and potential • Cities & regions that move early can Winners encourage green economic growth, inward investment and jobs through smart technologies and new markets Losers • Laggards could face out-dated infrastructure, potential regulatory and carbon-price burdens and stagnant growth
The StrategyReshaping the economy so the green economy is astimulus of economic growth not an inhibitor of growth withdouble benefits of lower carbon and more jobs.Priority 1 – New Low Carbon & Green TechnologyPriority 2 – Resource Efficiency in homes & businessesPriority 3 – Generation of Secure, Renewable & Low Carbon Energy in the Solent“Good green policy has to be good industrial policy too. Ineverything we do, we have to look at how we maximiseeconomic growth”– John Cridland, CBI Director-General, July 2012
Priority 1 – New Low Carbon & GreenTechnology• Exploiting research into renewable energy locally – tidal power• Cleaning technologies that significantly reduce water use.
Priority 2 – Resource Efficiency inhomes & businesses• Upgrading existing workforce skills through low carbon skills training• Peer supported Solent business energy efficiency network and accreditation scheme
Priority 3 – Generation of Secure,Renewable & Low Carbon Energy in theSolent• Solent ‘Smart’ grid development- IT management of local energy generation/demand• Solent Low Carbon Zones Development- encouragement and incentivisation of low carbon developments.
How will it be delivered?• Programme Board-business led – Geographically representative – Businesses, Universities, Local Authorities – Facilitating collaboration rather than ‘doing’• Prioritised Projects and Actions• Secure Resources to deliver• Manage Performance of the Programme
Resources - sources• Government - Regional Growth Fund - City Deal - Green Deal, FITS, RHI, and CERT• European Union – Interreg, ELENA, EEEF,FP7, IEE, Jessica, Urbact• Funding Mechanisms - Solent Green Fund - Solent Investment Bank - Business rate retention - Bond financing
Resourcing-requirements• Match funding/resourcing is always required for National/EU funding pots• Pooling of skills and expertise• Commitment and support for taking projects forward to completion• Engagement with the LEP board.
Thank youFor more information contact me on:- Bill.email@example.com