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Green New Deal for renewable investment called for

21.07.08

Investment in renewable energy sources, including the creation of thousands of jobs, should be a priority for the government, it has been suggested.

Investment in renewable energy sources, including the creation of thousands of jobs, should be a priority for the government, it has been suggested.

In a call for a Green New Deal, the Green New Deal Group (GNDG) have suggested the government has just 100 months to fix the problem of global warming, and that thousands of 'green collar' jobs should be created.

"The UK and the global economy are entering uncharted waters, and the weather forecast is not bad, but appalling," said Andrew Simms, GNDG member and policy director of the New Economics Foundation.

"Instead of desperate bailing-out, we need a comprehensive plan and new course to navigate each obstacle in this new phenomenon."

The group suggests that low-cost capital should be made available to those investing in renewable energy, and that a new alliance should be built between environmentalists and the industries, as well as agriculture.

The call for action within 100 months comes after the group found that this is the time at which climate change will become virtually unstoppable.

 

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