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Scotland economist calls for renewable energy funding

“The economics of the renewables industry are  continually changing as new technologies are developed…..Part of this transition requires the end of financing of fossil fuels. RBS themselves need to redirect their own funding from fossil fuels to renewable energies.”..

Economist calls for radical thinking on funding of renewable energy  Scotsman.com News : 27 September 2010 One of Scotland’s top economists has called for “radical thinking” by government and the public and private sectors to create the finance necessary to boost renewable energy potential.
Andrew McLaughlin, pictured, group chief economist at Royal Bank of Scotland Scotland has “more potential renewables resources than almost any other European country”.
………He said: “The economics of the renewables industry are also continually changing as new technologies are developed. These technologies will offer even greater benefits for us in the future, but investment must be channelled into the UK’s research and development establishments, otherwise we risk losing out to others around the world.”

Dan Barlow, of Friends of the Earth Scotland, said: “Part of this transition requires the end of financing of fossil fuels. RBS themselves need to redirect their own funding from fossil fuels to renewable energies.”..

Economist calls for radical thinking on funding of renewable energy – Scotsman.com News

September 27, 2010 - Posted by Christina Macpherson | business and costs, UK | antinuclear, energy efficiency, renewable energy, renewables