Green technology 'will stimulate economic growth'

28 Jun 2010
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Adopting more renewable energy systems should be a priority for the British government, a campaign group has stated.

Friends of the Earth said it appreciates the fact that the UK's budget deficit is creating "major problems" in the public finances.

However, it insisted that this should not result in a reduced focus on the green technology sector, as this will be a big driver of future economic growth.

Simon Bullock, an economy campaigner at Friends of the Earth, commented: "It's really important that the government continues to support these industries, whether it's offshore renewables, energy efficiency or low carbon vehicles."

He urged the government to implement the proposed green investment bank, which was an idea backed by the Conservative Party when it was in opposition.

Mr Bullock said this would send an "extremely strong signal" to the business sector that it is serious about moving towards a low carbon economy.

Chancellor of the exchequer George Osborne reaffirmed the government's commitment to creating a green investment bank in last week's Budget.

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