The Government's UK Low Carbon Transition Plan, which sets out how the UK will meet its carbon emissions targets set out in the budget, is a defining moment for green investment, Jupiter has claimed.
The white paper, which was launched yesterday, plots out how the UK will cut its carbon emissions by 34 per cent on 1990 levels by 2020, and will have "a material impact on green investment over the long term," according to Emma Howard Boyd, Jupiter Asset Management's head of socially responsible investment.
The Government's plan also aims to boost renewable energy use to 15 per cent of all energy by 2020 by increasing investment in areas like the offshore wind industry.
Commenting on the plans and their potential impact on ethical investment, Ms Howard Boyd said: "The plan highlights that carbon reductions must be a central consideration in every element of the way we live and work in particular for those sectors responsible for the most emissions: power, transport, homes, workplaces and agriculture.
"Ed Miliband, the energy and climate change secretary, has described the transition to a low-carbon economy as a 'defining issue' for the 21st century and arguably this plan will become a defining moment in the green investment thesis," she adds.
Jupiter is one of the UK's highly regarded green and ethical investors, it has six green investment themes - clean energy, environmental services, green transport, sustainable living, waste management and water management.
The Jupiter Ecology Fund is arguably its most recognised fund, and has been going for 21 years, in which time it has produced a return of 320 per cent.
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