14 Apr 2010
This week saw the release of the three main parties' election manifestos and environmental commitments formed a central component of each. In fact, in many areas the manifestos hammered home the admirable political consensus that has developed around the low-carbon policies, with each party outlining broadly similar plans for a new low-carbon infrastructure bank, green home loans, ambitious renewable energy targets, and increased investment in clean coal technology.
However, there were also crucial differences in the Parties' philosophical approach to delivering a low-carbon economy, and clear dividing lines around some high-profile green policies, nuclear energy, Heathrow expansion and environmental taxes.
BusinessGreen.com wades through the manifestos (so you don't have to) and offers an at-a-glance guide to the three main parties' low-carbon commitments:
Philosophy:
"Labour's environmental agenda reflects our values. Only active government can shape markets to prioritise green growth and job creation. Environmental sustainability cannot be left to individuals and businesses acting alone. We believe that people have the right to a healthy environment. That means giving everyone access to the beauty and amenity of natural places; we want to make it easier to live in a sustainable way whatever your standard of living."
Politics:
While all the main parties share many green policy proposals, Labour's manifesto accuses the Tories of adopting an approach to the environment that is "all about image".
The manifesto explicitly argues that Conservative reluctance to support renewable energy projects, proposals to reverse planning reforms, and opposition to the government's interventionist industrial policy would "put Labour's low-carbon revolution in jeopardy".
It argues that only an interventionist government can drive the development of low-carbon industries, but also positions Labour as pragmatic environmentalists who are still willing to support the expansion of Heathrow airport.
Policies:
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Conservative Taxpolicy undermines its Green policy
All businesses need to invest to get the new equipment and vehicles which will allow them to reduce resource consumption. Such investment will also encourage employment in more capital-intense businesses which will favour depressed regions of the country. Labour's Annual Investment Allowance favours small businesses over larger ones. The Tories will cancel the AIA and therefore favour: large businesses over smaller ones, businesses using clapped out equipment over those who are reinvesting, the South East over the North, and plcs over partnerships and sole traders.
Posted by Mark Hill (qualified Accountant), 20 Apr 2010