Study Indicates 43% of Investors Need Green Technology
Research conducted by the global startup investment JPIN says more than 43 per cent of UK investors are looking for green technology and sustainable programmes. It is a sign that emerging investors in the UK are environmentally conscious and embracing green initiatives.
According to a new study commissioned by JPIN, a global startup investment bank, UK investors are enthusiastic about green projects, with 43% solely interested in sustainable technology and programmes.
The development follows the UK government's recent statement that it is speeding up its energy policy toward a more sustainable future.
According to data, more than US$4 million in green tech assistance packages are on the way, and groundbreaking research from JPIN, a renowned global investment bank, has indicated that nearly half of UK investors plan to invest in green and sustainable enterprises in the next 12 months.
Data indicate that around 50 per cent of the nation's electricity is produced by burning fossil fuels in gas-fired power plants, notwithstanding several global warnings of the climate crisis.
The situation would change as the UK looks at opportunities to transform into homegrown clean power. According to estimates, over 90 per cent of the UK's electricity could be low carbon by 2030 and create more jobs in the industry in the next seven years.
Some reports said the private players were also exploring lucrative opportunities in this sector. Green technology is one of the most popular choices for investors eyeing emerging markets like India and Brazil. It indicates that much of the innovations in this sector would come from emerging markets.
JPIN has also provided a regional breakdown of their data to show which regions in the UK have growing demand for investment in green tech from emerging markets. Yorkshire is currently heading with 57 per cent of investors from emerging countries looking forward to putting money in green tech companies. Scotland logged the lowest interest in green tech, with only 32 Per cent.
JPIN founder Nayan Gala said: "Reaching net-zero is perhaps the greatest challenge society has ever faced, and this has now become one of the UK government's top priorities given the urgency of the current energy crisis. It is now more important than ever to generate alternative methods of producing power to combat supply disruptions, particularly in the UK where there is a heavy reliance on other countries."
"However, I'm pleased to see that there is now such an appetite amongst UK investors to invest in the green tech sector, and hopefully with more backing for innovative startups, we could see some fantastic sustainability solutions in years to come."
He further added, "There is also now going to be serious competition for startups in this area, which will only speed up the rate at which we see new technologies being released. At JPIN, we hope to contribute by helping the next generation of green and cleantech startups by providing them with the tools they need to reach their potential in this space."
