In his opening remarks at the third annual Clean Energy Ministerial (CEM), energy and climate change secretary Ed Davey has today called on the Government and businesses to “lead the low-carbon transition”.
Addressing 23 energy ministers from some of the world’s biggest economies on the day that it was formally announced that the UK economy was in a “double-dip recession”, Davey said that despite difficult financial circumstances, the push for a green economy led by clean energy was entirely achievable.
It is a concept not lost on an increasing number of financial giants such as Wells Fargo, which recently announced a $30 billion commitment to green investment.
“Over the past few years, the global low-carbon sector has outshone the rest of the economy”, Davey said in the investment section of his short address.
“In 2011, the trillionth dollar was invested in clean energy; investment in renewables now outstrips investment in fossil fuels.
“But as major economies face tougher fiscal conditions, indications suggest growth has slowed.”
Despite investment in clean energy surging in 2011, with £5.9 billion injected into the sector, the first quarter of 2012 showed a lull.
Davey added that a strong governmental agenda was needed to ensure that the renewable energy market thrives, and to enable low-carbon businesses and sectors to form the cornerstone of our future economy. But talk is cheap.
“Our challenge is to make sure investment in clean energy soars, even if the wider economy is sluggish”, he said.
“Government cannot do this alone: we do not have the reach, or the balance sheet.
“So we must create the right frameworks for investment, sending clear signals to the businesses who will lead the low-carbon transition”.
“We must encourage innovation, and do what we can to bring clean technologies to market.”
Nice sentiments but not entirely in-keeping with the government’s fumbling of the feed-in tariff scheme, which has only served to confuse the sector.
Ed Gill, head of external affairs at Good Energy recently told Blue & Green Tomorrow: “The planned feed-in tariff Contract for Difference is a very poor instrument for attracting  investors, because it’s so complex and inaccessible. It might be fine in theory, but it just leaves too many people scratching their heads, including those inside the DECC (Department for Energy and Climate Change).”
Davey will give an environmental address at the CEM tomorrow in place of David Cameron, who yesterday cut his own talk and is yet to deliver a keynote speech on the environment whilst in charge of the country.
The PM’s contribution will now come in the form of “remarks” at the beginning of the event’s second day on April 26.
There are high expectations for Cameron’s brief cameo at the CEM, but it is likely that it will once again be left to the energy secretary—this time Ed Davey— to attempt to rebuild trust in green policies, which have so far underwhelmed and under-performed.
Like our Facebook Page
Can You Maximize Your Profits While Investing Ethically?
Environmental Benefits of Living in Miami. Why Is It Worth Moving There?
5 Ways To Shift To Green Energy At Home
Advantages of Free-Range Farming for Eco-Friendly Consumers
What is Eco-Friendly Investing and How Can You Embrace It?
Green Software Ideas to Implement with an Offshore Development Team
5 Things Eco-Conscious Consumers Should Know About Private Wells
The True Environmental and Social Costs of Mined Diamonds
20 Incredible Facts Eco-Tourists Should Know About Dubai
5 Massive Benefits of Turning to Renewable Energy
6 Tips For Getting the Most from a Solar-Powered Home
7 Excellent Ways to Live a Greener Lifestyle in 2021
How the Property Industry Is Embracing Eco-Friendliness Across the Board
Sustainability in Construction: Methods to Mitigate Environmental Impacts
New Company is Driving ESG Infrastructure Development in Mining
10 Tips to Turn Your Next Holiday into an Eco-Friendly Celebration
4 Benefits of Commuting with a Bicycle as an Eco-Friendly Consumer
Some Important Facts about Eco-Friendly Glass Railings
Impact Proof of Stake Ethereum Mining on Power Industry Sustainability
7 Business Survival Guidelines All Eco-Friendly Entrepreneurs Must Follow
- Features12 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features10 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Energy6 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features5 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home