UK Government launches new energy stock index
The UK Government is launching a new stock index aimed at investing in green energy stocks.
The Green Energy Market Index aims to provide an integrated, high-quality view of the sector.
The index is a product of the UK Government’s investment and innovation strategy.
It will be launched by the Secretary of State for Energy and Climate Change and the Chancellor of the Exchequer, Amber Rudd.
The Index will track and track, on a quarterly basis, all the companies in the UK that have an interest in energy, energy storage, renewables, nuclear, bioenergy, tidal, geothermal and geothermal thermal power.
The UK has an energy mix that is diverse and inclusive, according to the UK government.
The government has been investing in energy stocks in the hope of supporting the economy.
The investment will be used to develop green technology, develop renewable energy sources, create jobs, improve environmental protection, support business and create an inclusive and transparent economy.
Investing in Green Energy is the most cost effective way of providing energy security for UK businesses, the UK’s Chief Scientist, Professor John Sauven said.
“Green energy is an integral part of our society, as well as the country’s energy security and it is a sector that is in demand by the UK economy,” he said.
The Government said that Green Energy stocks had a strong track record of outperforming the S&P 500 and had outperformed the market over the past decade.
“Investing in green technology is crucial for the UK to ensure the UK is competitive in the global marketplace and also for its future growth,” Minister of State at the Treasury, Greg Clark said.
A report by the Institute for Fiscal Studies (IFS) said that UK companies had invested more than £1.5 trillion in renewable energy and green technologies since 2005, and that the Government should be looking to invest in green investments as part of its strategy to increase investment in the sector and help boost employment.
It said the index would include the following sectors: Renewable energy – solar, wind, biomass, geotechnical, geophysics, hydropower, geostrategic, biofuel, hydrometeorology, geochemistry, bio-ethanol, biofuels, renewable energy technologies, biotechnology, biochar, fertiliser, fertilizers, hydrochemical, hydrology, biomass technology, bioelectronics, biomedicine, bioinformatics, bioproducts, biocatalysis, biotransformation, biopharmaceuticals, bioinspiration, bioscience, biosynthetic, biowaste, biochemical, biosystems, biosynthesis, bioavailability, bioanalytics, biofeedstock, biocellulose, bioceuticals, biological processes, biochemicals, biofilms, biofluidics, biofouling, biogenetics, biogeochemistry, biosols, biohazardous materials, biohydrogen, bioholidays, biomedical, bioorganic, bioorganism, bioprocesses, bioprotective, biorefinery, bioremediation, biothermal, biosystems, biomaterials, nanotechnology, nanotechnologies, nanomaterials and biotechnology.
Renewable Energy and Green Technologies – UK government report The UK government has invested more in renewable technologies than any other country in the world, according a report from the Institute of Fiscal Studies.
The Institute for Government said this was the most recent government investment in renewable technology in its 100-year history.
This was supported by £3.3 billion in tax cuts and the Renewable Heat Incentive (RHI) which supports the development of renewable energy projects, the report said.
It added that UK taxpayers had been saving £8 billion through the RHI since 2011, and the government was committed to making the most of this money.
“We believe that we have a unique opportunity to create jobs and generate economic prosperity for UK taxpayers by investing in renewable and alternative energy projects and businesses,” Minister for Business, Energy and Industrial Strategy, David Gauke, said.
Energy stocks were a strong performer in the past year, but were now at risk of a drop, the Institute found.
The market has shown a drop in the price of green energy stock over the last two months, it said.
However, the government said that it has the right policies in place to support the green sector.
Green energy stocks outperformed over the previous year, the Government said.
Investment in green technologies was supported in the year to December 2017, according the Institute.
Green Energy Stock Index – Investment Report The UK’s Green Energy market is one of the largest in the OECD and has a market capitalisation of £24.4 trillion, according TOEFL.
The sector has a high concentration of renewables.
It has a positive track record over the years, with over 70% of the stocks outperforming over the same period