How might Britain commit to a sustainable global economy (given limited natural resources?
One of the first steps we clearly need to take is to cut our carbon emissions to tackle the challenge of climate change, but the low carbon economy also provides exciting opportunities for British businesses. We will encourage private sector investment to put Britain at the forefront of the green technology revolution, creating jobs and new businesses across the country. The wave of low carbon innovation we want to unleash requires investment, so we will create Britain’s first Green investment Bank — which will draw together money currently divided across existing government initiatives, leveraging private sector capital to finance new green technology start-ups. We will create green Individual Savings Accounts to help provide the financial backing we need to create a low carbon economy. A credible and sustainable price for carbon is vital if we are to see adequate and timely investment in new electricity generation. Without power generation our businesses and the wider economy cannot
