Tuesday, 25 November 2008

Between the Broadsheets

The chairman of the environment agency yesterday called on the government to follow US president-elect Barack Obama and launch a multibillion pound "green New Deal" to boost clean energy and create jobs.
Speaking hours before the government announced its tax cutting and public spending package, Lord Smith, the former culture secretary, called for a comprehensive long-term strategy to cover investments in renewable energy, green technology, energy efficiency and developing new technologies such as carbon capture and storage. - The Guardian

International proposals to protect forests as a way of tackling climate change could displace millions of indigenous people and fail to reduce global greenhouse gas emissions, environmentalists warn.
In a report to be published on Thursday, Friends of the Earth International (FOE) will argue that current plans to slow the decline of forests by making rich countries pay for the protection of forests in tropical regions are not fit for purpose, as they are open to abuse by corrupt politicians or illegal logging companies in the parts of the world where the money will end up. - The Guardian

A tax break from next year for North Sea oil and gas companies was welcomed by the industry on Monday as a chance to stimulate investment, hit by falling oil prices, high costs and a shortage of finance.
The chancellor also said gas and electricity prices would be monitored quarterly by Ofgem, the energy regulator, to make sure that falling wholesale costs were passed on to consumers. - The Financial Times

Europe is unlikely to achieve its renewable energy ambitions, which could cost about £500bn, according to a new study. Countries such as Germany, the UK and the Netherlands will struggle hardest to achieve their share of the target to generate 20% of energy from renewable sources by 2020, according to Ernst&Young – The Financial Times

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