To: Wharf Rat who wrote (10241 ) 3/6/2007 10:40:32 PM From: Wharf Rat Respond to of 36917 Miliband: 'Time for a green industrial revolution' By Ben Russell, Political Correspondent Published: 05 March 2007 Britain needs a new industrial revolution to transform itself into the low carbon economy needed to make radical cuts in greenhouse gas emissions, David Miliband, the Environment Secretary, will say today. He will call for drastic action to cut oil consumption to combat the "humanitarian emergency" of global warming. And Mr Miliband will insist that Britain needs to pioneer new technology such as "capturing" carbon emissions from power stations, developing biofuels and new electric cars, and to radically cut demand for domestic power to hit the Kyoto target to cut carbon by 60 per cent by 2050. The Environment Secretary will use a lecture at Cambridge University to call for radical action to transform the economy as he prepares to publish a draft Climate Change Bill next week. The Bill will set out tough interim targets for cutting emissions and commit the Government to an annual progress report to increase political pressure for change. Ministers have ruled out binding annual targets for cuts in carbon dioxide emissions as unworkable, but insist that they will have tough interim benchmarks to ensure there is no let-up in the drive to cut greenhouse gases. Sources said that a full Climate Change Bill will be debated by MPs before the autumn, possibly before Easter. Mr Miliband will say: "In the 19th century, Britain pioneered the transition to an industrial economy. The Industrial Revolution brought together invention and science, a culture of enterprise, and political leadership from our great cities and national government. In the 21st century, we are again a transition economy. We need the same combination if we to make a new transition: from a high carbon to low-carbon society. "We need political leadership at a local, national and European level prepared to make bold, long term, decisions." He will add: "It is clear finally that if we carry on with business as usual, with more countries growing in wealth and population, the stock of greenhouse gases in the atmosphere will increase dramatically, with catastrophic consequences." He will argue that the "vast majority" of carbon emissions must by covered by a global carbon market. Mr Miliband will praise the Swedish government for setting up a commission on oil independence which aims to cut petrol consumption by 50 per cent by 2020 and called on Britain to create a "post-oil economy" within 15 to 20 years. And he will call for all new coal-fired power stations to be capable of using carbon capture technology and the promotion of wave, wind and solar generation. news.independent.co.uk