The UK could become a leader in cheap energy producing low carbon technologies, an environmental group has said.
According to the Green Alliance, the UK has the skills in existing manufacturing which places it in a good position to do well in the global low carbon race.
Chris Hewett, an associate at the organisation, said that if the UK is to reduce its carbon emissions and secure the future of cheap energy, the country needs to deliver energy security for the economy.
He commented: "One area that we are talking to all parties about is the creation of a publicly owned green investment which would take some of the policy risks, some of the cost of risks for investing in a low carbon economy, away from the private sector."
Mr Hewett pointed out that such a scheme would make it easier and less expensive for the private sector to invest in a low carbon economy.
The Treasury's latest Budget announced that over £1.4 billion will be directed to the low carbon sector in the foreseeable future.
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