Bad bank debts chance for carbon free recovery.

World governments can take advantage of public investments to support banks and respond to an even larger challenge of reducing greenhouse gas emissions and putting a stop to global warming, according to Western Australia's largest peak body for enterprises across the sustainable energy sector.

World governments can take advantage of public investments to support banks and respond to an even larger challenge of reducing greenhouse gas emissions and putting a stop to global warming, according to Western Australia's largest peak body for enterprises across the sustainable energy sector.


"Governments around the globe have committed to expend public funds to shore up poor decisions in investment markets - governments should ensure investments in public monies are tied to actions that reduce greenhouse gas emissions," says Dr Ray Wills, Chief Executive of WA SEA.

"Governments must tie rescue packages to place obligations on all recipients of public monies - whether these be businesses or households - to invest more sustainably, so that the assets they control now and invest in the future are geared to also do more to reduce greenhouse gas emissions," says Dr Wills.

"Governments can use these measures to gain better cooperation and support from asset owners to improve energy efficiency of their holdings, and move to source emissions free energy, actions that will build more sustainable economies," says Dr Wills.

"The slowdown in the economy is also an ideal time to roll out incentives to reduce exposure to rising energy prices in advance of the start of emissions trading, and supports nation-building infrastructure projects in the sustainable energy sector to create employment in new, sustainable projects across Australia," says Dr Wills.

WA Sustainable Energy Association Inc. (WA SEA) Media Release - 3 March 2009

Media Contact:
Dr Ray Wills 61 8 9481 3169
Editors notes:
1. The Western Australian Sustainable Energy Association Inc. (WA SEA) is a chamber of businesses that are providing the commercial solution to climate change through their products and services, or that simply aspire to be more sustainable in their own energy use. WA SEA is supported by a growing membership of more than 215 industry members that includes the majority of the key energy players in Western Australia. www.wasea.com.au.

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