Member Article

Humber LEP presented with carbon plan

A report for Humber Local Enterprise Partnership has detailed how the Humber can protect against energy price rises, cut carbon emissions and grow the local economy.

The document by the Centre for Low Carbon Futures (CLCF), a research organisation involving the University of Hull, suggests the Humber could reduce emissions by 5.2% by 2022, creating 1,660 jobs in the process and contributed to gross value added of £79m.

Research shows the energy bill for the Humber’s £14bn economy is £2.45bn a year, but this is forecast to grow to £2.86bn by 2022; a £410m cost increase to businesses and households.

CLCF say £1.8bn of investment is required to meet the annual savings of £392m.

Lord Haskins, Chairman of the Humber LEP, said: “The Humber, as the UK’s Energy Estuary, has a central role to play in manufacturing and deploying renewable energy technology, and that is now widely recognised. What we don’t often discuss is the economic benefit from cutting our own carbon emissions. The report very clearly sets that out.

“I would like to see people come forward with ideas about how we can achieve this economic potential and lead the implementation of the report’s recommendations. There are lots of businesses already investing in this area because they see they will get a return from it, but there may be more we can all do to spread those ideas and support other businesses to invest as well.”

This was posted in Bdaily's Members' News section by Tom Keighley .