Eighty UK businesses, including Knauf Insulation, Rockwool, Baxi, AkzoNobel and Worcester, Bosch have called on the government to take decisive action to combat climate change and build a low-carbon economy.
In an open letter to Prime Minister David Cameron, published in today’s (10th June) Financial Times, the firms warn that a failure to tackle climate change could put the economy at risk, while decisive action could create jobs and boost competitiveness.
The businesses call on the new administration to:
· Seek a strong global climate deal in Paris in December which limits temperature rises to below 2°C.
· Set an ambitious 5th carbon budget to drive forward UK emissions reductions (covering period 2028-32).
· Establish a long-term framework for investment in the low-carbon economy, giving industry much-needed clarity over what is expected in terms of low-carbon development, and boost the confidence of green investors.
WWF-UK chief executive David Nussbaum said: “British business is ready to step up. From construction and energy to retail, the best British enterprises know that green growth is the future. They take on board that it’s no longer credible to base a sustainable economy on fossil fuels, so the Government should put us on track for a low-carbon world.
“As we approach international climate talks, Britain should be a global champion for change, but a lack of consistent long-term policies sends a confusing message to business and undermines our attractiveness to investors. The Prime Minister should send a clear message that the only way forward is a green economy, and support forward-looking firms that want to build a clean economy.”