By DARA BUTTERFIELD
Labour leader Ed Miliband vowed to ‘make Britain a world leader in low carbon technologies’ at launch of Labour’s election manifesto in Manchester, dubbing tackling climate change ‘an economic necessity’.
And he pledged to give additional borrowing powers to the Edinburgh-based UK Green Investment Bank to help boost Britain’s renewable energy sector in a refreshed commitment to a ‘green economy’ if they win the coming election. Miliband said:
“We will work to make Britain a world leader in low-carbon technologies over the next decade, creating one million additional green jobs.
“This aim will be supported by ambitious domestic carbon reduction targets, including a legal target to remove the carbon from our electricity supply by 2030, and a major drive for energy efficiency.
“Our industrial strategy for the green economy will end the current uncertainty for investors, with a timetable for the Green Investment Bank to be given additional powers so that it can invest in green businesses and technology.
“We will create a new UK ‘Energy Security Board’ to plan and deliver the energy mix we need, including renewables, nuclear, green gas, carbon capture and storage – and clean coal.”
Miliband’s manifesto also commented on the oil and gas industry. He said;
“For onshore unconventional oil and gas, we will establish a robust environmental and regulatory regime before extraction can take place. And to safeguard the future of the offshore oil and gas industry, we will provide a long-term strategy for the industry, including more certainty on tax rates and making the most of the potential for carbon storage.”
The other main political parties will launch their manifestos later this week.