How green socialism can save the UK
Britain is ideally placed to lead the world on renewable energy. But a free market lacks the nerve to avert climate change crisisNeal Lawson
guardian.co.uk, Sunday 30 August 2009
It may be a crisis that is too good to waste but we have to move fast to define and win support for a progressive response to the failures of the market. But a new socialism can only be built on the politics of sustainability.
We must remember that it is not just banks that have failed. Two years into the worst economic crisis since the 1930s, with more than 2.4 million already without work, the official closure earlier this month of Britain's only wind turbine blade manufacturing plant, Vestas, is a sharp reminder of the failure of blind reliance on free markets to solve the economic and climate change crises. The plant's closure, with the loss of 400 jobs, was blamed on the slow pace of growth in the UK's wind turbine market and the drawn out local planning process to agree projects.
It has brought home the reality that the changes needed to protect us from catastrophic climate change are exactly the opportunities that can catalyse an upturn in our economy. Clean, fuel-free renewable energy is a huge international growth sector – allowing countries to achieve energy security, protect themselves against volatile fossil fuel prices and stimulate economic development without the consequence of dangerous carbon emissions that are the primary cause of climate change.
Worldwide in 2008, at $155bn (£95bn), more was invested in sustainable than conventional energy production. It is no coincidence that it is the world's most economically dynamic countries – such as Germany and China – that are shaping markets and driving investment to benefit from an almost exponential growth in renewable technologies. .........(more)
The complete piece is at:
http://www.guardian.co.uk/commentisfree/cif-green/2009/aug/30/green-socialism-uk-renewable