From The Guardian, Wednesday 22 April 2009
Today we face three of the greatest challenges of our time, global recession, energy security and the threat of catastrophic climate change. The only solution to this triple crunch is a low-carbon recovery. Millions of jobs could be created around the world, global warming emissions slashed and energy security increased. There is no choice between economic recovery and climate recovery – they are one and the same. But time is running out and we need bold measures at the heart of this year’s budget to build a low-carbon economy, ramp up energy efficiency and provide the renewables industry with urgently needed support to overcome immediate difficulties. To help provide the critical investment required, the government should set up and fund a Green Infrastructure Bank, backed by Green Bonds. This could leverage over £100bn in private finance to help create a dynamic low-carbon energy system.
This financial support must be used to drive programmes that ensure by 2020 every UK home is a low-carbon home, the UK meets its renewable targets and is a world leader in renewable energy manufacturing and deployment. It is time to rebuild and repower the UK.
Friends of the Earth
Renewable Energy Association
British Wind Energy Association
Combined Heat & Power Association
Solar Trade Association
UK Green Building Council
New Economics Foundation
Campaign to Protect Rural England
National Energy Action
Worcester – Bosch Group
Schott UK Ltd
And 46 others