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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

UK to set up sovereign wealth fund to finance low-carbon projects

Posted on 13 September 2013

A new report, written by Professor David Mackay, chief scientific advisor to the Department of Energy and Climate Change, and Dr Timothy Stone, Senior advisor to the Secretary of State, has intricately accessed how the greenhouse gas emissions that would be released from developing shale gas in the UK, would affect the country’s emission targets.
Ed Davey, the Energy and Climate Change Secretary, explained that the report conclude that with the right safeguards, the level of greenhouse gases emitted during shale gas production would be relatively low, and would have a far lower carbon footprint than coal of imported liquefied natural gas (LNG). ……………………………………….Full Article: Source


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