Economy
Shadow chancellor Ed Balls calls for a ‘green economic future’

Published
6 years agoon

Shadow chancellor Ed Balls has called for the UK to “unlock major investment” in renewable energy, in an article written for the New Statesman.
The article, which coincided with a speech made by the Labour MP on Wednesday night at the annual Green Alliance debate, unveils Labour’s vision for a “green economic future”.
Balls said, “Getting energy policy right for the next 20 years is one of the biggest challenges – and the biggest opportunity – our economy faces in this generation.”
He also acknowledged the widespread consensus among the British public that renewable energy should be viewed as a matter of national urgency: “The scope and breadth of the consensus across business and the environmental lobby is striking – something that would have been impossible to imagine a decade ago.”
Balls criticised the coalition government’s commitments to clean energy, saying, “In 2010, the UK was third in the world for investment in green growth – but we have since fallen down the league tables.”
He also took aim at George Osborne on green policies, saying that the chancellor “has cast further doubt on the government’s long-term commitment to a low-carbon future” by “talking up the possibility of an implausible shale gas bonanza to justify tacking away from renewables after the 2020 targets run out”.
In the 2013 budget, Green party MP Caroline Lucas wrote on Twitter, “Not a single word about renewable in #Budget 2013 – instead locking us into higher prices & higher emissions via tax breaks to shale gas #Fail”.
Osborne said in the budget that “creating a low-carbon economy should be done in a way that creates jobs – not costs them”, but the Guardian’s Adam Vaughan pointed out that he failed to mention how this should be done.
In response to Osborne’s budget, Greenpeace energy campaigner, Lawrence Carter, said, “The chancellor is slashing public services with one hand while gifting tax breaks to the fossil fuel industry with the other. This is unfair on struggling households, especially when everyone from the energy regulator Ofgem to BP to the energy secretary say UK fracking won’t bring down bills.”
Osborne also indicated that financial grants would be paid to communities that welcomed the extraction of shale gas in their regions.
In contrast, David Cameron, whilst opening the world’s largest offshore wind farm in the Thames estuary in July, said, “What the London Array shows – powering half a million homes, the biggest offshore wind farm anywhere in the world – it absolutely shows that you can do scale renewables and you can do them right here in Britain.”
Reacting to Balls’ comments, a spokesperson for Friends of the Earth said, “Ed Balls has affirmed what the vast majority of energy experts know to be true; that a shale gas bonanza is ‘implausible’ and that renewable energy will bring investment, jobs and energy security to Britain.”
They added, “This rational analysis is in stark contrast to the current government’s tired fossil fuel obsession and shale gas hype.”
Further Reading:
PM and energy secretary open world’s largest wind farm
Budget 2013: green measures neglected as Osborne favours fracking
Budget 2013: Osborne is keeping the UK ‘hooked to fossil fuels’, campaigners say
We need Conservative, Labour, Liberal Democrats and nationalist parties that get sustainability

You may like
-
Which Type Of Renewable Energy Should Be Developed In The Future?
-
3 Tips for Building an Off-Grid Home in 2019
-
Household Energy Independence is the First Step to Sustainable Living
-
Windows Of The Future Will Act As Transparent Solar Panels
-
Solar Panels Are Finally Becoming Mainstream in Rural America
-
Top 7 New Energy Trends Dominating 2019

Truth About The Shocking Environmental Impact Of Bitcoin Mining

Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades

6 Awesome Reasons Eco-Friendly Consumers Use Smart Thermostats

How To Stay Eco-Friendly On Instagram While Traveling

Help Save The Planet With The Best Energy Efficient HVAC Systems

5 Simple Steps To Build Sustainable Shipping Containers

Valve Actuators: Underappreciated Sustainable Living Tools For 2020

Green Energy Safety Risks That People Don’t Know About

Ridiculously Easy Ways To Slash Bottled Water Waste

Navigating The Convoluted Land Leasing Process For Solar Projects

Truth About The Shocking Environmental Impact Of Bitcoin Mining

Help Save The Planet With The Best Energy Efficient HVAC Systems

Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades

5 Simple Steps To Build Sustainable Shipping Containers

Valve Actuators: Underappreciated Sustainable Living Tools For 2020

Green Energy Safety Risks That People Don’t Know About

6 Awesome Reasons Eco-Friendly Consumers Use Smart Thermostats

How To Stay Eco-Friendly On Instagram While Traveling
Trending
- Environment4 days ago
Truth About The Shocking Environmental Impact Of Bitcoin Mining
- Energy6 days ago
Help Save The Planet With The Best Energy Efficient HVAC Systems
- Economy4 days ago
Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades
- Sustainability6 days ago
5 Simple Steps To Build Sustainable Shipping Containers