31 Mar 2009 05:03:21
G20 told to focus on green global recovery
Clean technology markets should be supported and research and development into low carbon technologies incentivised in order to tackle both the contracting economy and climate change, according to a new report.
The study, which calls on the G20 nations to lead a "global green recovery" was published by the Potsdam Institute for Climate Impact Research and the Grantham Research Institute (GRI) on Climate Change and the Environment, of which Lord Stern is the chairman.
It highlights seven areas that economic recovery plans should focus on.
Areas it suggests for special attention include, energy efficiency, upgrading infrastructure, initiating flagship projects, pricing carbon across all sectors and coordinating efforts to "lay the foundations of sustainable growth".
Lord Stern said: "It is essential for the G20 countries to lead the fight against both the global recession and climate change. The G20 are responsible for three-quarters of the world's wealth, energy consumption and greenhouse gas emissions.
"They have the means to both tackle the economic crisis and lay the foundations of sustainable low-carbon growth in the future."
While the report urges the development of demonstration plants for technologies such as carbon capture and storage, Lord Stern has voiced his opposition to plans to build a coal burning plant at Kingsnorth, saying the technology is not in place yet.http://tinyurl.com/cq8cdn