Greenest Government ever?

The transition to a low carbon economy is a transition, so indicators of change like investor confidence are a litmus test of the direction of travel. Sadly, news just in from an Ernst and Young survey of 529 UK- based firms and financiers shows such confidence sharply down since the Comprehensive Spending Review:

“The study…found that just 13% of respondents believe the Coalition will establish the conditions for success in the cleantech sector in 2011. This compares to a figure of 38% from a similar survey undertaken between August and October last year.”

E&Y describe the results as a “wake-up call to a government that had set out to be ‘the greenest ever’” and calls for urgent and decisive action in putting a clear, long-term policy framework in place. This report also makes for contrasting reading to the figures presented by US Energy Secretary Steven Chu last month in a speech about China’s emerging leadership in low carbon innovation across a range of technology areas.

The lack of drive in low carbon innovation policy - which offers the prospect of energy security, job creation and increased competitiveness - is a serious indictment of the Government’s failure to produce a credible plan to build a sustainable economy for the future, and the biggest gap in both its climate policy and its economic policy.

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One response to “Greenest Government ever?

  1. At COP 14 in Poznan – after the onset of the economic maelstorm – minister after minister, from countries around the world declared that the green revolution was the one sure way to recovery. What we’re seeing is that none of them – and their successors – really believe it. Let’s have some analysis of why that should be so – what is the fundamental blockage?

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