Business Secretary John Hutton said the Government was looking at how it could help UK firms take advantage of the opportunities presented by climate change.

He said:

"There are many new and exciting technologies available for the UK to take advantage of, including on and offshore wind power, LED lighting, fuel-cell powered vehicles, carbon capture and storage, biomass, microgeneration, wave and tidal technology."

The renewed Government Manufacturing Strategy will also look at the competition posed by overseas countries such as China and India and how Britain can compete in the global marketplace.