Wednesday, 29 September 2010

Going green will be rewarded with gold

We always hear about China and US being the great polluters but is it the full truth? By international standards the UK’s spend in developing a green economy is very low; the US for example spends three times as much as we do relative to GDP on low-carbon innovation, whilst China is very active in renewable energy, energy-efficient buildings, electric cars and clean coal.

The MP Tim Yeo in his pamphlet Green Gold: The Case For Raising Our Game On Climate Change, has said "We must beware of China who, behind a smokescreen of recalcitrance in international talks, is moving faster than most Western countries to decarbonise its economy," he writes. "If we lead the way in switching to a low carbon economy, we will reap the rewards as going green will be rewarded with gold."

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