The low carbon economy is already thriving. The UK’s environmental and low carbon goods and services sector generated a turnover close to £122bn in 2013 according to the Department of Business, Innovation and Skills.
Internationally, the Global Commission on the Economy and the Climate evaluated the international market at already $5.5tn, showing that the opportunities for UK businesses are significant.
However, urgent action is needed to increase the pipeline of low carbon and energy efficiency projects and direct sufficient financial flows towards them. The Aldersgate Group’s work in this area focuses on developing policy solutions that will increase investments in a wide range of infrastructure such as energy efficiency and low carbon heat, power and transport projects, whilst also reducing the cost of financing these.