Greenest Government Grumbles

Labour MP Michael Meacher takes the Cameron Govt to task on its green claims - and makes some decent points on renewable energy, energy efficiency, the Green Investment Bank...Two days ago Ed Davey, the replacement for Huhne as Secretary of State for Energy & Climate Change, repeated again the Coalition’s boast that it was the greenest government ever. Even by the standards of current self-congratulatory political rhetoric, that’s pretty vapid. It’s worth exploring the actual record. The Coalition Agreement proposed to increase the target for energy from renewable sources. In 2010 the UK was ranked third in the world for investment in green business, and investment in alternative energy and clean technology reached £7bn. However it has now been rated 13^th, mainly because investment in wind energy fell 40% last year, with only one offshore wind-farm being completed. That reflected the Chancellor’s openly stated negative attitude to green energy, supported by the letter sent by 101 Conservative MPs to the Prime Minister deploring wind-power development both onshore and offshore...Friends of the Earth in their recent report...judged that they found little or no progress in three-quarters of the government’s 77 green policies that they examined. (more)  

'Green' Investment 'Bank'

I’m strongly in favour of a Green Investment Bank and if Bristol can be its home that’s great (see here, though beware the scary photo!). But is what the government is proposing a bank at all given that it will have no powers to borrow until 2016 at the earliest and only then if certain fiscal targets are met? And will it really be green in the sense of impacting big-time on establishing a sustainable society? There is a danger of it simply being there as a very limited pot of money that can’t impact much on the long term. £3 billion seems to have become up to £3 billion when the first figure was too low to begin with. It has to avoid putting money into dodgy energy from waste schemes to sustain green credibility too.

We’ve all seen reports of bank mismanagement in recent years. Will this bank have a board that turns out to be highly competent, broad-based and representative of economic, social and environmental priorities? It must be there for a broad range of purposes, foremost being beginning the establishment of a society we can sustain, generating quality of life for generations to come - profit in the broadest and best sense.

http://www.guardian.co.uk/environment/2011/dec/04/green-investment-bank-economy-coalition

http://www.gibbristol.co.uk/