21 Jun 2010 02:06:08
Lack of clarity over low carbon economy exists
Red tape and a lack of clarity over the low carbon economy are holding the UK back in its transition towards a more environmentally-friendly future.
A report by The Work Foundation, entitled A 2020 Low Carbon Economy, suggested that currently the low carbon economy is a selection of activities looking to reduce carbon emissions, rather than a single sector, which makes it difficult to establish a comprehensive support framework.
Charles Levy, the author of the report, described the funding for the creation of the low carbon economy as "complex and highly nuanced".
He suggested that a lack of commitment from the government was having an adverse affect on business and investor confidence.
"This lack of commitment from the government is also eroding Britain's competitive advantage and is threatening our leadership and expertise in technologies for carbon capture and storage," he added.
Further issues identified included issues with equipping the UK with the correct skills for low carbon business activities and complications in predicting the growth of low carbon industries.
The comments come following calls by the Green Alliance that the government should establish a "much stronger framework" for the creation of green jobs in the UK.
According to the organisation, the government must connect the issues of climate change and unemployment.