Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

Wales looks to bigger 'green' economy

Businesses in Wales are being encouraged to help the devolved government expand a ‘green economy’ which is estimated to have contributed £8bn to the wider Welsh economy.

At an event in London later, Natural Resources minister Alun Davies will launch a prospectus, Green Growth Wales: Investing in the Future, which includes:

  • waste infrastructure investment of £750m
  • further devolution and borrowing powers of up to £500m for capital investment
  • the launch of Resource Efficient Wales to provide a single point of advice on energy, waste and water

Alun Davies

Davies, left, said: “Wales is already a great place to do business but I want it to be a world leader in green growth. I believe that by using our natural resources sustainably we can create a new economic model that will deliver wealth creation and economic growth, both now and in the future.

“Urgent and growing economic challenges such as resource constraints and climate change all point to the fact that business as usual is not an option. Green growth will create an environment that delivers opportunities, jobs and international competitiveness and I am determined that Wales is right at the centre of this, working closely with business to deliver the best long terms outcomes for them and for Wales.”

The minister was speaking at a Mansion House event, hosted by the Lord Mayor of London on behalf of Natural Resources Wales (NRW), the body responsible for the sustainable management of  Wales’ natural resources.

Peter Matthews, the chair of NRW, said: “The natural environment is already worth more than £8bn to the Welsh economy but there is potential for more. Our aspiration is for Wales to become a ‘location of choice’ for enterprise and business, where best environmental practice is the norm.”

Davies invited businesses to engage with the Welsh Government to discuss future investment opportunities and the ways in it could provide support.

  • The 5 July issue of MRW takes a detailed look at waste in Wales

Readers' comments (1)

  • "Green growth" is an oxymoron. "Green growth" is impossible in world of finite resources.

    What is needed is a steady state economy in which resources are consumed no faster than they can be naturally replenished, and wastes are produced no faster than can be naturally assimilated.

    For more, see http://www.steadystate.org/

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.