Friends of the Earth: Green investment bank is vital

Friends of the Earth’s sustainable energy advisor Alan Simpson comments on the coalition government’s first annual energy statement:

“This research shows that reducing the UK’s carbon emissions will save us facing huge bills in the future – and improve energy security, create new jobs and protect us from unpredictable fossil fuel prices.

“But solving one environmental problem by creating another is not the answer – nuclear power will create a centuries-long legacy of toxic waste and divert funds from clean, safe technologies that could put us at the forefront of the green manufacturing revolution.”

“Ministers should reverse green technology cuts and invest in building a safe and secure low-carbon economy through a Green Investment Bank – saying yes to renewable energy like wind, wave and solar but no to nuclear power.”