Nef, WWF and Green Alliance respond to CSR cuts

The New Economics Foundation, the World Wildlife Fund and the Green Alliance have responded online to the Chancellor of the Exchequer, George Osborne's defence of the Comprehensive Spending Review.

Nef believes the Government is seriously underestimating the benefit that greater investment in renewable energy industry could provide.

WWF says the £1bn for a green investment bank falls far short of what leading economists have called for; it is at most only a quarter of what will be required.

Green Alliance says the Government has has yet to follow through on its commitment to set up a powerful Green Investment Bank, a fund with no ability to raise money on the financial markets would be too small to make an impact.

See BBC Spending Review 2010: Osborne wields the axe