Greenpeace: Massive investment needed for low-carbon economy

Wednesday, 28 July 2010 12:00 AM

Greenpeace's executive director John Sauven comments on the coalition government's first annual energy statement:

"The new study shows that a high-tech low-carbon future is within our grasp but it won't be achieved without massive public and private investment and a detailed plan.

"Right now it's not clear that ministers are committed to unlocking that investment, and without it any plan is worthless.

"If we keep kicking our heels instead of building a clean energy economy we'll miss our climate change targets and lose the economic advantage that would result from being a world-leader in green technology.

"Whatever pathway we choose to a low-carbon future, it's absolutely clear from the government's analysis that we have to go beyond oil in our transport system.

"This means more investment in engine efficiency and electric vehicles. The government must not cancel the planned consumer incentive for new electric cars designed to bring forward hundreds of millions in private investment."

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