The Low Carbon Economy – From Stick to Carrot
Britain is at risk of missing a huge opportunity.
Policymakers must stop hitting firms with the big stick
of ever-higher carbon taxes and levies, eroding their
global competitiveness. Instead, they should be offering
carrots, incentives to install energy saving equipment,
invest in unexplored
low-carbon technologies ahead of the curve, and become
leaders in the low-carbon markets that must inevitably
boom over the next couple of decades if governments
around the world are to meet their climate change
targets.