David Cameron doesn’t miss a trick when it comes to promoting British companies. The 2012 G20 Summit in Mexico was no exception, and the prime minister showed off the best of UK low carbon technologies.
Paired with the G20, the Business Summit (B20) held interesting talks from Mexican president, Felipe Calderón. David Cameron attended these discussions, which were aimed at creating international, sustainable economies. Mitigating the effects of climate change is a global issue after all, and no single country can tackle it alone (nor would want to, because of the economic impacts).
In conjunction with G20 talks, Stephen Fry was kicking up a stink about fossil fuel subsidies. It resulted in a ‘Twitter storm’ that involved more than 100,000 tweets, which urged dignitaries to take action at the G20 summit.
Socially and environmentally concerned individuals were causing an outcry over putting taxpayers’ money into the banks of exploitative, fossil fuel businesses, when we should be investing in cleaner energy. The 100,000 strong called out for renewable alternatives and a move away from finite resources.
A green company is like any business sector – investment is crucial to its growth. Attracting funding is the best way of making green energy mainstream. But without the public support of governments, investors are going to hold on tight to their cash.
Renewable Energy in the UK
With David Cameron at the G20 summit were a number of UK business representatives, including Hugh Richmond of ENER-G Natural Power. Richmond is well acquainted with the Mexican renewable energy scene, as his company had opened up a £4.4 million sustainable energy generation facility in central Mexico.
This company alone will save Mexico as much as 90,000 tonnes of CO2 every year and will make a large dent in the country’s climate change targets. As this business has been such a widely accepted success, Richmond is looking to create similar projects internationally; whether that is combined heat and power (CHP) or anaerobic digestion.
The UK and Mexico deserve to congratulate themselves on establishing Climate Change acts through parliament. Mexico hopes to slash their carbon emissions by half and source 24% of their electricity from renewable energy generation by 2024. Britain has raised the stakes by promising to cut 80% of all CO2 emissions by 2050.
In a G20 speech pontificated by David Cameron, trade and environmentally-friendly energy could help to reduce the levels of global poverty. As renewable energy sources are more cost-effective, fossil fuel businesses will no longer be able to charge exorbitant prices for finite resources. This means many families in the UK will be pulled out of fuel poverty and be able to afford heating during the winter months.
The Rising Economy of Mexico
Mexico’s middle class is growing, and so the UK is benefiting from many export trades to this country. By strengthening these countries’ bonds, Britain may be able to benefit from £20bn in exports to Mexico. We hope that, as Mexico’s economy grows, it’ll increase its investment in sustainable sources.