Huppert warns Chancellor not listening on green growth

21 March, 2013 No Comments

Business leaders are adamant that green technology is vital to drive economic growth but Chancellor George Osborne may not be listening, warns Cambridge MP Julian Huppert.

Julian spoke out yesterday (Wednesday, March 20) in the House of Commons citing a report published by the Confederation of British Industry.

It said: “The business response is definitive and emphatic: green is not just complementary to growth, but is a vital driver of it.”

And Julian added that the CBI report went further, saying that green business could “roughly halve the UK’s trade deficit” and add £20 billion to the UK economy by 2014-15.

Lib Dem Stephen Williams agreed and acknowledged that there was “a tension in the coalition government between the Chancellor and the Department for Energy and Climate Change and within the department itself when it comes to whether sustainable growth from green technologies is desirable”.

He added that he wants investment in green technology and in wind farms in particular.

“We said at the time of the 2012 general election that we wanted to rebalance the economy, and green growth is certainly one of the things that we had in mind,” he said.

Julian said later: “We have clear evidence from the CBI that business leaders are in no doubt that green technology is vital to the future growth of our economy; yet the Chancellor and some of those working in this area within government are still not convinced.

“Those in the frontline of business are telling us that we could half our trade deficit and add billions to our economy; it makes no sense why we would not listen to the experts. We have nothing to lose because we can’t go on relying on energy from coal, nuclear and gas.

“We have to find green alternatives not only to keep our lights on but also to protect our environment for future generations. And at the same time we grow a green technology sector which brings huge benefits for our future economic success and stability.”

 

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