10 Oct '11, 11am

[email protected] says “mother of all recessions” awaits if we don’t go green

Sir Richard Branson has called on world leaders to drive a green economic recovery, warning that without measures to drive greater investment in renewable energy the global economy is heading for "the mother of all recessions". According to reports, Branson told the third annual Six Senses Slow Life Symposium at Soneva Fushi in the Maldives that politicians should undertake urgent reform of the tax system as a means of incentivising investment in clean technologies. FURTHER READING DriveGain hails success of fuel-saving iPhone app European Court rules aviation emissions trading plan is legal "If we don't have alternative fuels we are going to have the mother of all recessions," he said. "The way to kick-start the revolution is to have no tax on all clean energy while slowly increasing tax on dirty energy. Branson has emerged as a leading campaigner for green businesses, se...

Full article: http://www.businessgreen.com/bg/news/2115877/richard-bran...

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