MPs want incentives to address climate change

MPs want incentives to address climate change

Environmental Audit Committee puts green issues to Gordon Brown

MPs from the cross-party
Environmental
Audit Committee
have written a letter to
Gordon
Brown
requesting that he introduce financial incentives for those companies
that reduce greenhouse gas
emissions
and bring in penalties for those who do not.

This is in response to claims that the Treasury is not doing enough to tackle
the threat of climate change and comes just days before Brown’s pre-Budget
speech on Wednesday.

A study by economist Sir Nicholas Stern’s earlier this year suggested that
global warming could shrink the global economy by 20%.

According to the BBC, the committee, wants Britain to take international
leadership on this issue in order to set an example to other countries, such as
India and China, on cutting greenhouse emissions.

Further reading:

Tories put carbon tax plans on the table

IHT changes expected in pre-Budget

KPMG: Brown’s pre-Budget to focus on stability and
flexibility

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