'Government should harness cheap energy amid transition to low carbon economy' - 17/05/2010
There are myriad opportunities in the UK for a green economy that makes the most of efficient domestic and business energy, according to the Green Alliance.
The environmental campaign group said the new Conservative-Liberal Democrat coalition government needs to take full advantage of the many opportunities to make a transition to a low carbon economy after the two parties agreed on a number of key green issues.
Amy Persson, senior policy adviser at Green Alliance, welcomed the coalition government's plan to cancel the construction of the third runway at Heathrow, increase the renewable cheap energy target and create a new Green Investment Bank.
"The government must now make sure [the Green Investment Bank] is of the scale necessary to create jobs and leverage investment in emerging low carbon industries," she said.
Ms Persson added that the previous government's commitment to setting up the Bank with £1 billion of public capital - funded from asset sales - should be honoured by David Cameron.
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