Can the Green pound quash the Red recession Blues

In a recent report by Ernst & Young (the London Development Agency), London’s Mayor Boris Johnson is said to be looking at not only improving energy efficiency in buildings, introducing low carbon vehicles and developing new waste and recycling infrastructure in London, but the bi-product of this will be the possible creation of around 15,000 blue collar, or as they have been called ‘green collar’ jobs in the capitol by 2025.

Of the green plans the Major has said: “I see the green economy as an unprecedented opportunity not only to improve our planet and our quality of life, but to develop new industries and create new jobs in an economic climate that is otherwise extremely difficult”.

London already has 80 university departments focused on climate-change research and development, and other projects such as hybrid buses and a massive tree planting scheme go ahead, London could be set to become the ‘low carbon capital’ of Europe.