News Article - 21 January 2009
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Attendees of the recent World Future Energy Summit have been told that while the economic crisis is big, the ongoing planetary predicament is bigger, which may prompt businesses to invest in carbonaccounting software.

Online resource Business Green reports that Sir Nicholas Stern, author of the UK government's Stern Report and speaking at the event in Abu Dhabi, called for firms to begin accounting for carbon and work towards a low-carbon future.

Figures from BP Alternative Energy, which were presented at the conference, revealed that last year there was only a five per cent increase in international capital investment in the renewables sector.

This was a sharp decline in comparison to the 50 per cent rise recorded for the three preceding years.

Vivienne Cox, chief executive of BP Alternative Energy, said: "Policy makers can provide the pull, but businesses still need to provide the push."

Meanwhile, the resource notes that business secretary Peter Mandelson has called for closer green links between India and the UK to be forged to boost the environmental jobs sector.

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