Capturing the low carbon investment: Low carbon opportunities

Abstract

Purpose

The purpose of this paper is to look at developments in the drive for open innovation initiatives.

Design/methodology/approach

The paper looks at the business opportunities for low‐carbon innovations and technology.

Findings

A recent study predicts that the global market for low carbon technologies could reach £2,000 billion per annum by 2030. The same study has also revealed that the UK may be in a relatively strong position to take advantage of this growing need for low carbon innovation. It highlights that many UK companies in this sector, especially SMEs, are often seen as true innovators who are leading the way in the development of cutting edge technology, and points to the fact that the UK is second only to the USA in terms of attracting Venture capital (VC) and private equity (PE) investment in low carbon technologies. Commissioned by Shell Springboard, the publication of the study coincides with the announcement of the 2009 National Winner of the annual Shell Springboard Awards, which reward the best small business ideas for combating climate change.

Originality/value

The paper provides a useful insight into developments in the drive for open innovation initiatives.

Citation

(2009), "Capturing the low carbon investment: Low carbon opportunities", Strategic Direction, Vol. 25 No. 7, pp. 29-31. https://doi.org/10.1108/02580540910961325