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In what could be interpreted as a thinly veiled attack on the UK government's recent shake up of clean energy policies, Solberg said it was the job of governments to provide a stable policy framework to allow businesses to confidently invest in low carbon technologies.
Rather, it is a call for a renewed focus on economic fundamentals, in which we create a stable policy framework instead of lurching from panic to panic.
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Businesses have expressed a desire for clearer, more stable policy frameworks in which to plan their longer-term capital investments.
Subsequently five policy recommendations are presented to support PSS activity: (1) balancing economic incentives and regulatory disincentives; (2) promoting indirect policy support; (3) redesigning existing market structures; (4) promoting locally-led PSS activity; and (5) creating stable policy frameworks.
The Environmental Audit Committee is right that a stable and certain policy framework is crucial to mobilise private capital towards green investment.
It described the result of the vote as "a seminal event" that would "lead to a less predictable stable and effective policy framework in the UK".
Hours after he spoke Standard & Poor's knocked the UK's sovereign rating by two notches, from AAA to AA, saying an exit would lead to a "less predictable, stable and effective policy framework in the UK".
The UK Sustainable Investment and Finance Association UKSIFF) said: "It's great news that the [EAC] Committee seems to have taken on board concerns from UKSIF, its members and other investor representatives, about the necessity of having a stable and coherent policy framework in order to boost investment in the 'green' economy.
Britain has lost its final gold-plated AAA rating, following Standard & Poor's decision to downgrade the country by two notches, to AA. S&P warned that the Brexit vote will lead to "less predictable, stable, and effective policy framework in the UK" and hurt growth.
On Monday, S&P stripped Britain of its top credit grade by two notches, from AAA to AA, warning the Brexit vote would lead to "a less predictable, stable and effective policy framework in the UK".
Hopefully federal lawmakers see the downside of stop and start policy, and will create a stable long term policy framework for the future.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com