Businesses and tech start ups in particular these days don’t offer all that much by way of innovation. This is not to say we don’t get huge success stories any more — we do, but more in the mould of a new type of software presented as an app, website or something like that. There’s hardly any real innovation beyond the world of Silicon Valley, like perhaps how the steam engine revolutionised transportation.
The average person on the street will naturally start to worry about the likes of the UK’s resolution to pull out of the European Union (Brexit), justifiably so too because it will affect them in some or other way as economics is very closely related to politics. For the entrepreneur however, Brexit comes with many opportunities, particularly in the energy sector. The divorce will mean that Britain will perhaps have to stand on its own two feet and will no longer be dragged forward by some of the frontrunners in the EU’s resolution to shift towards renewable energy. There’ll be opportunity on the mainland as well of course, but more so perhaps on the island since Britain seems to be lagging quite far behind in meeting renewable energy targets set. Providers of renewable energy insurance Lycetts takes a closer look at the implications of Brexit, particularly with regards to the new opportunities forming around the energy sector.
In the UK, there’s a lot of room for us to catch up to the rest of the world in generating more of our energy from renewable sources.
Some leaders in clean energy production include:
– Germany, which produces 38,250 megawatts of solar energy per year
– Sweden, which has already exceeded its 2020 target of 49% energy consumption coming from renewable sources
– Denmark, which produces 140% of its electricity exclusively from wind power
If Scotland wasn’t a part of the UK then the UK’s exit wouldn’t come with the loss of 97% of household energy being generated through wind turbines, but Scotland would definitely exit as part of the EU.
With an individual target to generate 15% of its energy from renewable resources by 2020, the UK still falls a full 10% short. That means a lot would have to be done in its individual capacity and this opens up a world of opportunity for players in the green energy sector. While the EU might get a boost in the figures related to its collective targets in going greener and cleaner, that doesn’t mean the green energy sector in the UK is completely dead as there has been some investment poured into renewables. It perhaps wouldn’t take all that much to get involved yourself as you could perhaps start by installing solar panels which could make you eligible for a rebate.