CIWEM’s Environmental Parliamentarian of the Year Caroline Lucas is supported by the Institution in her criticism of the Government potentially funding the development of nuclear power through their Green Investment Bank.
As no final decision had been made on whether the bank will provide financial support for the nuclear industry, CIWEM urges the Government to prioritise providing the necessary financial support to fast-track offshore wind, wave and tidal energy production. An evolving energy mix, with an increasing proportion of low-carbon and renewable fuels is required to decarbonise our electricity generation and meet our legal and moral responsibilities to protect the environment.
CIWEM’s Executive Director, Nick Reeves OBE, says: “The Green Investment Bank must invest in cutting edge renewable technologies that lead us to a genuinely competitive low carbon economy. Our carbon targets will be missed unless urgent action is taken to improve access to capital, so we urge the Government to live up to their promise to be the greenest government ever and prioritise the development of renewable energy through their green bank.”
The Chartered Institution of Water and Environmental Management ( CIWEM ) is an independent professional body and a registered charity, advancing the science and practice of water and environmental management for a clean, green and sustainable world.
Source: CIWEM Media and Marketing Manager
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