"We Need Some Relatively High-Risk Investment": Julia King, Vice-Chancellor of Aston University and the UK's Low-Carbon Business Ambassador

By Shackle, Samira | New Statesman (1996), March 26, 2012 | Go to article overview

"We Need Some Relatively High-Risk Investment": Julia King, Vice-Chancellor of Aston University and the UK's Low-Carbon Business Ambassador


Shackle, Samira, New Statesman (1996)


Could investment in the green economy hold the key to economic recovery?

It can be a significant contributor. It lines up very well with the intent to rebalance the economy, to grow the engineering and manufacturing sector.

Does growing green business require big investment?

Almost inevitably. We need to replace the UK's power system. For renewables and nuclear, it's not the fuel cost, it's the infrastructure cost.

Is such infrastructure investment possible, given the economic downturn?

Clearly, that's challenging. We need some relatively high-risk investment, and that is not something that investors are very eager to do. We may well need more in the way of government support, perhaps giving some insurance to those making the investment.

In which areas do you see green business expanding most vigorously in the next ten years?

Replacing the electricity system will create huge business opportunities for the UK. We've got an outstanding aerospace industry. For aviation there aren't any magic solutions other than increasing efficiency, which will probably mean faster replacement of aircraft fleets. That will be a big opportunity where the design manufacturer is still in the UK.

Where does the greatest challenge lie?

Anything that involves decisions by individual members of the public - actually persuading people to insulate their homes, for example. In a way, that's because our energy is not expensive enough. We don't recognise it as the precious resource it is and the even more precious resource it is going to be, going forward.

How can those behavioural changes be encouraged?

Incentives which don't have a particularly great monetary value but make people think they are getting something special have quite a high impact. We need to do more of that. But from the outset, we need to plan how to remove those incentives gradually, because, as we've seen with solar panels, it's very disruptive if you suddenly cut off a subsidy or stop giving people something they've come to expect.

Is the coalition sufficiently committed to green business?

It is looking very closely at this issue of industrial strategy. It's important to get government departments working together - particularly the Department for Business, Innovation and Skills, the Department of Energy and Climate Change, and Transport. They are not yet working together as effectively as we need for the stimulation of the green business agenda. Things are coming along slower and at a smaller scale than many of us had been hoping.

Which countries are leading on green business?

Europe is strong. Scandinavia and the Nordic countries are way ahead of us on things like low-carbon homes, low-carbon building materials, use of heat pumps and insulation. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

"We Need Some Relatively High-Risk Investment": Julia King, Vice-Chancellor of Aston University and the UK's Low-Carbon Business Ambassador
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.