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G20 focus on low carbon agenda

Foreign Secretary David Miliband has said that the low carbon agenda will be discussed at the forthcoming G20 London Summit (2 April) and he has called on UK firms to seize opportunities in the growing market for low carbon exports.

Miliband was speaking at the Carbon Trust, the Government-funded firm, on 25 March. He addressed 85 business organisations gathered to discuss international marketing strategy on the UKs low carbon business overseas, and to attract inward investment.

Speaking about the forthcoming G20 Summit, he said: The focus of the G20 is going to be on financial reform on macro economic co-ordination, but I certainly think theres room for it to give signal on the importance of the low carbon agenda that requires regulation, and that regulation comes from the UN Framework Convention on Climate Change the global negotiating body which concludes its work in Copenhagen in December.

Miliband also explained that businesses would be able to benefit from Britains low carbon future and a major opportunity for the UK despite the fact that were living through an economic downturn.

He added: One of the fastest growing markets in the future is going to be in environmental industries, we know that from our own country where there are about four hundred thousand people in green jobs this is a very fast growing sector of the economy or has been over the last ten years, and I think globally the imperative of embracing low carbon economics, an imperative that is driven by cost, but also driven by the dangers of environmental damage from rising carbon emissions means that this is a sector that can drag us out of recession over the next ten years.

 

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