21 May '12, 12am

MPs

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 consum...

Full article: http://www.businessgreen.com/bg/news/2175952/mps-governme...

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