Darksquare Capital reacts to the UK Spring Budget from an ESG and investment point of view

Following the announcement of the UK Spring Budget, Daniel Harman, Co-Founder, Darksquare Capital discusses his reaction from an ESG and investment point of view:

“I think the most contentious point of the budget from an ESG point of view was the classification of nuclear energy as sustainable. It appears that nuclear is going to be the government’s favoured ‘sustainable’ energy source ahead of wind and solar. I don’t want to get into the debate on efficiency/sustainability between the various sources, but I don’t see why we need to choose one over another. It would have been great to see restrictions lifted across the board and allow investment into renewable energy projects on the whole to flow more freely.

Away from that we had commitments of £20bn in investment into carbon capture projects over the next 20 years. We hope this will lead to more private investment opportunities into carbon capture projects alongside public funding. I think it’s going to be a really interesting area for investment over the next few years.

Finally, the chancellor touched on support for growth industries and innovation but it looks like we’ll have to wait until autumn to get more clarity on what this actually means. ”

About Darksquare Capital:
Darksquare was founded by Daniel Harman and Alex Whitney to create a way for individuals to understand and access alternative asset classes that are usually restricted to Ultra High Net Worth Individuals (UHNWI) and hedge funds. An online marketplace that allows users to browse and invest in selected assets, Darksquare’s unique model brings the price of access down. More people can diversify their portfolios and potentially benefit from investments including woodlands, windfarms, distressed credit, carbon capture projects and real estate.

About Lisa Baker, Editor 2542 Articles
Lisa Baker is the Editor of Always Finance, and writes about Business, Finance Technology and Healthcare. Lisa is also the owner of Need to See IT Publishing.