Following President Donald Trump’s decision to withdraw the United States from the Paris Climate Agreement, the CBI has called on the UK and other countries to lead on the energy transition.
The Paris Agreement sets out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°C.
CBI Head of Energy and Infrastructure Michelle Hubert, commenting on 2 June, said the UK needed a “level playing field” for carbon costs to ensure energy intensive industries could compete effectively in a global, low-carbon marketplace. Hubert added: “now is the time for governments to affirm their commitment to [the Paris Agreement] by turning global ambition into national reality. By investing and innovating, British businesses will be at the heart of delivering a low-carbon economy, and will want to see domestic policies that demonstrate commitment to this goal.”
The Aldersgate Group, representing more than 30 major low-carbon companies including Ikea and M&S, has also urged UK politicians to put in place ambitious and long-term policies to drive and encourage green business so that the UK can take a share of the market, which has now outgrown industries such as car-making and steelmaking, whilst ensuring decarbonisation and realising job opportunities.