21 May 2012 - MPs have launched a blistering attack on the government's approach to creating a green economy, saying its lack of long-term vision and failure to set measurable targets has "stalled" the progress of low carbon industries.
The Environmental Audit Committee (EAC) will today endorse the idea of green investments playing a key role in the country's economic recovery, providing jobs and improved energy security.
But in a wide-ranging report, it warns the coalition's reliance on market-led mechanisms and consumers to stimulate demand for green goods and services is failing to deliver the necessary transition towards a low carbon economy. The MPs say a blueprint for green businesses published last August is too dependent on voluntary actions at a time when policy certainty is needed to draw in the billions of pounds of investment needed to decouple growth from fossil fuel consumption.
Instead, they want the government to set out a "clear trajectory" to a green economy with targets, and specific actions businesses must take in areas such as resource efficiency, emissions and waste reduction. read more>>>
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