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Government 鈥渟chizophrenia鈥� on climate change is undermining green investment, MPs have warned.

MPs from all sides called on climate change minister Greg Barker not to backtrack on green policy, after he called for a review of the UK鈥檚 commitment to cutting carbon much faster than the rest of Europe.

But MPs on the Environmental Audit Committee warned Barker he was sending mixed messages to the market.

Labour MP and committee chairwoman Joan Walley told the BBC: 鈥淯nfortunately, the government鈥檚 somewhat schizophrenic attitude to climate change seems to be undermining that confidence.

鈥淭he chancellor鈥檚 comments last week show that five years on from the Stern report, the Treasury still doesn鈥檛 get climate change - or the risk it poses to global stability and economic prosperity.鈥�

Zac Goldsmith, a Conservative committee member, said policymakers must recognise 鈥渢hat with the stroke of a pen, they can make a good investment bad鈥�.

鈥淯nless they provide real long-term certainty, the transition to a low-carbon economy will be slower and bumpier than it needs to be,鈥� he added.