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09 Mar 2009 05:03:10

Businesses asked to drive transition to low carbon economy

Businesses asked to drive transition to low carbon economy
Gordon Brown asked businesses to come together with scientists, the workforce and young people to build a new green economy as part of a new industrial activism.

Speaking to business leaders at the Low Carbon Industrial Strategy Summit in London on Friday (March 6th), the prime minister said that to ensure economic recovery, was to make the transition to a low carbon economy.

He called on business leaders to face up to "one of the greatest peace-time challenges of all" and noted the opportunities for businesses.

"Globally, it is estimated that the market for low carbon goods and services is worth around $3 trillion (£2.17 trillion), and it is expected to double over the next decade," he said.

In the Low Carbon Industrial Strategy Mr Brown launched, it notes that drivers for change are energy efficiency, developing energy infrastructure, leading in the development of low carbon vehicles and developing policy to make the UK the best place for low carbon businesses.

Mr Brown also claimed measures in place would create 400,000 new environmental sector jobs over the next eight years.

The prime minister talked of his discussions with US president Barack Obama, noting that he had decided to reduce US carbon emissions by 80 per cent by 2050, matching the UK's target.


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