An initiative which has reduced 10,000 tonnes of carbon emissions in the UK is seeking the next big carbon cutting idea, to reward it with a £440,000 boost.
The Postcode Lottery Green Challenge 2011 offers funding and expert business support to help bring a winning carbon-cutting idea to the global market.
Now in its fifth year, the global eco-innovation competition has produced four winners from across the world, including one winner and one runner up from the UK. Entrants must submit a creative, eco-friendly idea and business plan for a product or service that helps reduce CO2 emissions.
The 10,000 tonnes of carbon emissions saved in the UK through the Postcode Lottery Green Challenge is the equivalent of taking 50,000 cars off the road for one year. It’s a welcome boost for eco-innovation at a time when many entrepreneurs are struggling to find financial backing.