Speaking at an Aldersgate Group event, Rt Hon Owen Paterson MP, Secretary of State for Environment, Food and Rural Affairs, argued that "our long-term prosperity and wellbeing relies on recognising the real value of nature."
The Secretary of State noted that momentum is building in the natural capital movement and argued that the Government had made "solid progress" delivering on the recommendations of the the Ecosystem Markets Task Force (EMTF).
Sir Ian Cheshire, Group Chief Executive of Kingfisher and EMTF Chair, also speaking at the event, argued: “we have to go further and faster…The Government’s heart is in the right place. The challenge now is to push through in some of the areas where the politics is perceived to be difficult.”
Andrew Raingold, Executive Director of the Aldersgate Group, has written to the Times newspaper, arguing that while the UK may be part of a leading group of nations which are taking policy action on climate change, there is no evidence to support claims by manufacturers that they risk forcing jobs overseas by making energy too expensive.
He cites new research by the London School of Economics which demonstrates that medium industrial energy users in the UK pay lower green taxes on their electricity bills than the European Union average. These taxes account for around 8 per cent of total electricity costs in the UK, compared to 23 per cent in the EU.
Andrew Raingold says "this must be taken into account as the Government reviews its carbon commitments. In truth, the UK’s leadership on climate change enjoys widespread support from business".
Speaking at Resource Event, the first major conference for circular economy, Aldersgate Group Director Steve Wallace asserted that it’s time to act to move businesses towards circularity.
Wallace, addressing the drivers for such a shift, said: “The linear economy was designed for a world with much less people and much less demand for resources. It is clear that this isn’t the case now. We need to change to a circular economy and one of the barriers to change is pure inertia built into current systems. The REBus project is a collaboration with WRAP as our lead partner. It is an opportunity to get out of the theory and into the practice and find what really works.
“There’s been much effort in the recent decades building deliberate obsolescence into our systems. We need to move away from that."