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AAA to GGG?

February 15, 2012 5:13 PM

Britain's triple 'A' credit rating is now in doubt. This, if nothing else so far has, should raise concern in the mind of George Osborne that a new approach to Britain's economy, and future, is needed.

Can he be persuaded to take a new approach that aims for a triple G rated economy? An economy triple rated as Great Going on Green Issues?

Fears around the severe weakness of Britain's economy are due to the reality of the unsustainable nature of many of our business practices. An economy that is dependent on oil, a finite resource, cannot be a strong economy. We need to stop investing in the past and invest in the future. Time and again advice has been offered urging the need to look at increasing our production and manufacturing sectors and not just relying on a service sector.

Despite it not being healthy to measure a country's progress just by its GDP, significant improvements in output could be made just by altering what we produce and how we produce it. The most sustainable products and services that we could provide would be those that are environmentally driven and ethically made.

An economic strategy that truly considers and plans for the future has to be environmentally minded.

"Peak Oil has come - we are in a race to wean ourselves off fossil fuels, and need to recognise that the economy will not recover until we do." says Simon Oliver, Vice Chair (organisation) Green Lib Dems.

We call on the government to take this opportunity to:

  • Strengthen our economy, by developing and encouraging institutions that will ensure sustainability and security through enabling energy, water, and food to be available and accessible in the future.
  • Reduce unemployment and pursue the delivery of Green Jobs, particularly by promoting Renewable Energy technologies and companies; to provide jobs and increase employability through improving the nation's knowledge and skillsets.
  • Be a world leader in the coming Energy Revolution. These are not just moral imperatives but also ways to financial well-being.

A GGG rating would boost our chances of retaining our AAA rating too!