Green Technology

Funding pledge for low-carbon technologies

(http://www.epolitix.com) - As part of Wednesday’s financial announcement, the chancellor presented the “world’s first ever carbon budget”.

Darling’s Budget committed Britain to cutting carbon emissions by 34 per cent by 2020.

And he stressed that using low carbon technologies would be key to developing the green industry, cutting emissions and creating new business and jobs.

“They are a landmark step, which point the way to the vital decisions which must be made at the Copenhagen Climate Change Summit later this year,” he said.

“Climate change is one of the biggest challenges our world faces – and Britain is setting the lead.

“We are ahead of every other major developed country in progress against our Kyoto targets,” he added.

Offshore wind power generation was also given a funding boost by Darling’s Budget.

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