Will the 2011 Budget be green?

The Chancellor George Osborne is expected to deliver a new green growth strategy as part of his upcoming budget including increased green taxes and clear details on the operation of the proposed Green Investment Bank (GIB).

All this heightened interest comes at a time when there is evidence that the UK’s economic plans to promote development of new green products and services are falling behind those of other countries such as China, India and South Korea especially in the light of a UN Environment report, which demonstrates that green investment does not harm economies and produces higher rates of GDP growth over a six-year period.

The UNEP Report can be accessed at: http://bit.ly/efSj7v

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