Britain is set to turn the recession into an opportunity to green its domestic transport, which emits 1/4 of the country’s total CO2 emissions, as part of the country’s endeavours to hit its burning ambition in emissions cuts.
Its battered motor industry has faced compound challenges resulting from falling market demand and a lack of credit, required for technological innovation for more efficient car production.
The industry has been seeking government support to stimulate the economy, relieve the credit crunch and restore consumer confidence.
However, less achievement has been seen, to rescue the key economic contributor from knock-on effects of the recession.
The European Investment Bank’s approval of funding for British car makers has brought hope for the industry, though the investment has reportedly incurred embarrassment for the British government.
To show determination to save the failing industry, the British industrial and business circles have set off a low-carbon revolution with a roadmap expected to turn the industry around with green transformation.
For the full story by Dongying Wang, published by Xinhua News Agency in April 2009, please click here. Also, please return to the blog to post your comment.
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