The Chancellor has been urged to earmark more funding for the UK's burgeoning green energy sector when he announces his Budget next month.
While Alistair Darling's pre-Budget report, which was released in November, outlined proposals to give the sector around £535 million, environmental groups have joined a number of MPs in calling for this amount to be revised, particularly given the fresh challenges now facing the economy as a whole.
According to the newly-published Green Fiscal Policy in a Recession from the Environmental Audit Committee (EAC), by stepping up investment in green energy, the government can also provide a much-needed boost for, among others, the construction and engineering sectors.
"Meeting our climate change targets will require a step-change in funding for the low carbon energy sector, especially when the financial crisis has led to a shortage of capital," EAC chairman and MP Tim Yeo argued.
"There is clear evidence that investment in low carbon industries will lead to net job creation," he added.
Meanwhile, the £33 million National Centre for Earth Observation (NCEO) project has gotten underway, with scientists from across the globe to work alongside UK specialists in the government-funded climate monitoring initiative.
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