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Caroline Flint, Shadow Energy Secretary, warned that the Tories were breaking up the cross-party consensus on climate change. She said that George Osborne believed that 'environmental policies are a luxury that can only ever be afforded when times are good'. Instead, she called for an active industrial strategy that can promote green growth. For the article, click here.
Speaking at an AG event, the DECC Shadow Secretary of State has challenged the Coalition Governmnt's green credentials and called for an industrial strategy to promote green growth. She argued against the view that economic growth and environmental sustainability are inherently irreconcilable. For the article, click here.
Following Chris Huhne's resignation, this article reports that he won plaudits from many in the green movement who saw him fight for his department, DECC, against sceptics in the Treasury and secure vital funds for key projects despite dismal government finances. To read the article, click here.
A supplement published in the Times newspaper on low carbon business sets out the case for an ambitious Green Investment Bank (GIB) and mandatory carbon reporting. The AG is referenced under the sections ‘Banking on a Green Economy’ and ‘Crunch Time Approaches for Carbon Reporting’.
To promote green growth, George Osborne and Vince Cable published environmental initiatives for the Government’s autumn growth review. AG’s calls for the Government to green the Plan for Growth and bring forward the date the Green Investment Bank can borrow from 2015 was reflected in this article.
Defra has calculated that forcing businesses to publish their carbon emissions could cost British business up to £6bn. However an independent study commissioned by the Aldersgate Group, Christian Aid, The Co-operative Group and WWF has found that the costs of reporting have been overestimated by £4.6bn and the benefits, underestimated by £980m. Defra has not disputed the research and welcomed all contributions to the debate.
