Wednesday 7 November 2012

Does the Government really care about green energy?


Tory MPs call on PM to publicly back renewable energy investments


David Cameron’s position on the green economy has been questioned by his own party after 20 Conservative MPs sent a letter to Downing Street expressing their concern over what they believe to be attacks on renewable energy and an anti-green sentiment from across the Coalition.

The Prime Minister is set to defend the Government’s policy on the green energy economy following criticism that many figures with the Coalition, such as George Osborne, are attacking the value of the sector, despite it being worth over £120bn and supplying a third of the recent economic growth in the UK. 

Many Conservative MPs, including Peter Aldous, MP for Waveney, who organised the letter, feel that Cameron’s silence on the issue may be putting off companies from investing into renewable energy schemes in the UK, and could see them invest overseas instead. Aldous called on the PM to clearly state what the Coalition’s position on the green economy is so that they can work to ‘encourage and incentivise investment from emerging markets…for our country to be a world leader in renewable energy’. 

David Cameron is currently pushing for investment in Britain’s energy production from the Middle East, and will meet with the heads of three of the biggest sovereign wealth funds in the United Arab Emirates to secure more investment in renewables. But in the eyes of many MPs, this isn’t enough. Cameron and the Coalition must come out and publicly back investments in green energy projects and, in the words of Energy Minister Greg Barker, ‘put its money where its mouth is’.



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