LibLink: Chris Huhne and Vince Cable – The green economy is still viable

Over at The Independent today, Lib Dem cabinet ministers Vince Cable and Chris Huhne argue that the Coalition Government’s plans to set up a Green Investment Bank, announced in the Budget, are of huge significance for establishing a successful green economy in this country. Here’s an excerpt:

… there is much to be decided about how this might work. Bob Wigley’s comprehensive review of the issue, published last week, sets out one possible model – a commercially independent bank given clear overarching goals for green investment in new technologies and infrastructure. Innovative green financial products could give an opportunity for individuals, as well as institutional investors, to take a stake in the infrastructure to support the new green economy. …

The coalition’s commitment is clear: to implement a full programme of measures to fulfil our joint ambitions for a low-carbon, eco-friendly economy. Over the next few years, we aim to put in place a framework that will provide the private sector with the confidence needed to invest billions of pounds here in Britain in the face of global competition. Investment in low-carbon technologies and infrastructure, from electric vehicles to new renewables to home insulation, will underpin economic growth for long-term prosperity and climate security. As prosperity is locked in for the long term, carbon must be permanently locked out.

You can read Vince and Chris’s article in full here.

Read more by or more about , , , , or .
This entry was posted in LibLink.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

Please complete the name of this site, Liberal Democrat ...?


Recent Comments

  • Alex Macfie
    @Mick Taylor: The FTPA has already been repealed....
  • Andy Daer
    As we know, Johnson didn't get Brexit done, and didn't handle Covid "fine". In his Today interview he said the real problem is the media; if only they would st...
  • Helen Dudden
    If a seat can be bought in the House of Lords, where is the value of that seat? I've been to Westminster on several occasions and always been checked on the...
  • David Evans
    Jeff, you say "Perhaps not, but it is unreasonable to [seek a pay increase that compensates for the effect of inflation] and retain absurdly archaic working pra...
  • Chris Moore
    @Peter Martin: An economically and mathematically challenged individual might conclude from your intervention that UK GDP per capita was higher in 2007 - 50k...