Leading businesses with a combined turnover of nearly £200 billion have written to the FT, warning that climate change is due to make UK flooding more frequent.
Signatories to the letter (see adjacent), which was co-ordinated by the Aldersgate Group, are Allianz, Anglian Water, Atkins, Aviva, Interface, Johnson Matthey, Kingfisher, Lloyds Banking Group, Mitie, Navigators and Swiss Re. The letter calls for prompt cross party political action to address the causes of climate change. While flood adaptation measures are critical, leadership is needed from all political parties to address the causes of climate change. Bold action will maximise investment and innovation to deliver resilience and future economic competitiveness.
Andrew Raingold, Executive Director of the Aldersgate Group said: "These floods were caused by the worst winter downpour in 250 years and the clean up bill is already on course to cost £1 billion. But adapting to the changing climate without addressing the root causes is like dishing out painkillers when we need major surgery. Political parties must come together to show leadership beyond the parliamentary cycle."
Read the FT article about this letter (£) here.
The Prime Minister has supported the call from The Prince of Wales’s Corporate Leaders Group, Aldersgate Group and E3G for ambitious initiatives on green growth as the UK implements commitments from the EU-China summit.
The organisations sent a letter in November 2013 setting out the critical opportunity to align European and Chinese interests on the green economy, and formulate a new approach to the EU-China relationship which maximises mutual opportunities and better manages trade tensions.
The PM recognised their incredibly useful work with Government departments to raise the issues and opportunities represented by liberalisation of green sectors and noted that all comments outlined in the letter were taken on board in preparation for the EU-China Summit. He advised that these are reflected in the resulting EU-China 2020 Strategic Agenda for Co-operation.
Oliver Dudok Van Heel, Director at Aldersgate Group, told Guardian Sustainable Business that recent extreme weather events and increased political assertiveness provided an opportunity to mobilise businesses to step up climate change leadership.
Pointing to estimates of a £14bn hit to the UK economy from the recent flooding, he said: "What I am hoping for is a reversal of the post Copenhagen gloom, which led to a lack of political and business leadership. The floods are the evidence we need that the problems we face are current and real and will get worse."
Andrew Raingold, Executive Director of the Aldersgate Group, has said that a range of pressures threatens to split society as the older generation thrives at the expense of the young.
Speaking at Your Green Future to over 350 school pupils representing more than half the secondary schools in Gloucestershire, he said that uncontrolled public debt, youth unemployment, rising inequality, falling living standards, resource constraints and climate change risks "mortgaging the future of the younger generation". He said it was vital that students ensured their voice is heard to help steer our politicians to better adapt to underlying global trends and grasp the economic opportunities.
Following the keynote speech, the Aldersgate Group ran a series of workshops to engage the pupils to create their vision for a thriving and successful UK economy.