Britain’s future will be built on low carbon, says Miliband

Ed Miliband told the Labour Party Conference last week that Britain’s future would be built on "low carbon and high tech" and proposed a "new bargain" in which climate change and the environment played an essential part.

Launching a blistering attack on the "something for nothing culture" and an economic system where the "fast buck is OK" and companies that were big enough "could get away with anything", the Labour leader said climate change and the environment were crucial to the future and called for a "new bargain" that valued "responsibility, commitment for the long-term". The former Secretary of State for Energy and Climate Change said the country required a "new era of wealth creation" built on, among other things, low carbon goods and services, and he called on Britain to "celebrate" its "producers".

"Don’t believe those who would tell you that the kind of economy we have now will help us to compete," he said. "We can’t pay our way unless as a country we invent things, make things, and sell real services and products.

"Britain’s future will be built not on credit default swaps but on creative industries. Not low wages and high finance, but low carbon and high tech. Not financial engineering, but real engineering."

Energy companies

Singling out the energy companies, Miliband said "irresponsible, predatory practices" had to be challenged and that the dominance of the Big Six’ had to be broken.

"We need investment in energy here in Britain. But our energy companies have defied the laws of gravity for too long. Prices go up but they never seem to come down," he said.

"I believe our environment and climate change is a crucial issue for our future. An essential part of the new bargain. Responsibility, commitment for the long term."

Read more: www.greenwisebusiness.co.uk

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