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High growth green industry
The UK’s green industries present a new growth opportunity for the economy with the global environmental market place currently worth £3.2 trillion and is growing at over 5% a year. The recent announcement that the Conservatives are committed to leading a ‘green technology revolution, creating jobs and new businesses across the country has been welcomed by Environmental Industries Commission ( EIC)
The Conservative Shadow Chancellor, George Osborne, recently acknowledged the need to ensure that environmental damage is translated into immediate price signals. Putting a fair and predictable price on environmental damage means developing market mechanisms that price in the true environmental costs of doing business. EIC believe that this can be achieved most effectively through active Government intervention in the economy. By providing a strong policy framework that embraces low carbon and sustainable growth and puts an appropriate price on pollution, the Government can harness the power of markets to find effective, efficient and equitable responses to the environmental challenges we face.
In a recent speech David Cameron concluded that environmentally friendly goods and services ‘take time and money to research, develop and invest in. And businesses will only put in that time and money if they are confident that there will always be a place for these products in the market’. To read more see www.welovewatford.co.uk
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