Bloomberg News

Rolls-Royce Joins Jupiter in U.K. Green Jobs Trade Plan in U.S.

May 03, 2012

Britain’s Energy Minister Greg Barker is leading a delegation of companies ranging from Rolls-Royce Holdings Plc to Jupiter Asset Management Ltd. to the U.S. to identify business opportunities relating to low-carbon energy.

The minister will visit Georgia and Texas from May 6 to May 10 with executives from KiWi Power Ltd., Parhelion Underwriting Ltd. and of PB Energy Solutions Ltd., according to a statement from the Department of Energy and Climate Change in London.

Britain is trying to build up its carbon-cutting industry from offshore wind power and smart grids to clean technology finance after Prime Minister David Cameron pledged his government will be the “greenest” ever. The Department of Energy and Climate Change estimates the green economy is worth more than 3 trillion pounds ($4.9 trillion) worldwide.

“What is good for the planet can be fantastic for business too,” Barker said in an e-mailed response to questions. The visit is “about demonstrating that the shift to a green economy is beneficial for businesses and growth, as well as promoting bilateral trade opportunities.”

Accompanying Barker are Andrew Baker, who heads government and environmental affairs at Rolls-Royce (RR/), the second-largest aircraft-engine maker; Emma Howard Boyd, sustainable investment director at Jupiter; KiWi Power Chief Executive Officer Yoav Zingher; Parhelion CEO Julian Richardson; and PB Energy Managing Director Phyllis Boardman.

‘Cutting Edge’

“Reducing carbon and reducing costs are both issues that all countries face and we have the chance to be at the cutting edge of that development,” Zingher said in a comment e-mailed by the ministry. “Trade with the United States is a huge part of this.”

KiWi Power is an electricity demand-management company.

Barker’s delegation will meet with business leaders in the three cities, as well as San Antonio Mayor Julian Castro and Georgia Governor Nathan Deal, according to his office.

“I am taking U.K. business leaders to learn more about what real America is like outside Washington, New York and California, to learn about their energy landscape and the opportunities for investment,” Barker said. “I want to see the U.K. and the City of London, with its unique expertise in innovative financial products, become a global hub in green growth finance.”

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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