Green spending set to increase in Europe
The Centre for Retail Research has today issued a report suggesting that Green spending in Europe will double by 2015. The report is also suggesting that the so-called "price premium" between Green and non-Green products will fall from 46% to 40.5% by 2012. So what will be behind the increase in expected Green spending in Europe?
There is no doubt that price competition has been one of the major factors holding back Green spending in the UK and in Europe. However, it looks as though various government initiatives, better acceptance by the general public and price competition could well play major roles in the future. We have already seen a significant increase in the amount of electric cars sold for example in the UK, and within Europe, and other areas of Green spending are also benefiting.
Many believe that the Green sector also has the potential to create hundreds of thousands if not millions of jobs around the world in the months and years ahead. However, the level of acceptance of so-called Green products varies widely across Europe as does the average household spending on these types of products. It will be interesting to see how the Green sector develops in the future with areas such as Scotland putting themselves forward as centres of excellence.
Share this..
Related stories
Vodafone Announce £1 Billion Share Buy Back
In a move which is as much about good investment as it is about showing confidence in the future, Vodafone has announced a £1 billion share buy back program which will see the group buy shares in the open market for cancellation. By reducing the number of shares in issue this will push the earning per share figure higher and if it all goes to plan should see support appear at of around current l...
Read MoreCo-op Group Reports Increased Divi
While the Co-operative Group, and the movement which it represents, has often been the butt of jokes in industry for its cautious approach to business it seems as though the joke is on the Co-op’s competitors. The Group has today reported a 35% increase in profits to £322.7 million for the year ended 12th January 2008, one of the better results of late.
The Group is also inc...
Network rail demand extra funding to clean the tracks
While the old saying spend a penny may be somewhat dated it looks as though travellers will at some point, either directly or indirectly, be charged for cleaning the country's rail network from waste which is released by passing trains. While the figure in mind has not been confirmed it is likely to be substantial (possibly in the region of £7 million) and is included in a raft of demands to enab...
Read MoreHow low will the Euro go?
Just a few months ago many in the European Union were feeling very pleased with themselves as sterling continued to suffer in the currency markets and indeed the euro hit parity with the UK currency. However, while the UK economy is by no means out of the woods yet it seems that a few months in the worldwide currency and investment markets is a long time! After hogging the headlines for many mo...
Read MoreGeorge Osborne sets out to protect UK investment market
George Osborne will be making his way to Brussels on Tuesday where he will look to fight the corner of the UK investment market. In particular he will be looking him to block the introduction of new legislation with regards to hedge funds and similar investment vehicles. The vast majority of European hedge fund vehicles are situated in the UK and any change to the regulations would impact signific...
Read More