Andrew Raingold, Executive Director at the Aldersgate Group, has urged the political parties to make an enhanced industrial strategy a priority in the election manifestos. This forms part of a new series by Green Alliance of leading thinkers, from politics, business and green groups, to set out their one big manifesto idea for the next parliament.
Mr Raingold writes: "The government have made huge strides forward with the current industrial strategy, working in partnership with industry to deliver long term economic goals... This must be built on by the next government by addressing major, long term challenges and setting greater overall strategic direction."
Andrew Raingold, Executive Director at the Aldersgate Group, has written to the Sunday Telegraph with a host of business leaders calling for ambitious action on the EU energy efficiency target. The letter argues that voluntary measures on energy efficiency have failed to drive ambitious action which means the UK - and wider EU - has missed opportunities to reduce energy demand, costs and to build energy security. A binding energy efficiency target by 2030 would provide the long, loud and legal backdrop to allow investors to plan with confidence.
Andrew Raingold said: "This week President Obama announced a series of executive actions to promote energy efficiency which will save businesses in the United States nearly $26 billion on their energy bills to 2030. Europe needs to stay ahead of the game with leadership from the very top, combined with a binding 2030 energy efficiency target, to drive growth, exports and resilience."
Aldersgate Group has released a new report launching its An Economy That Works initiative. Published a year before the next general election, the report frames the key characteristics of a smart, low carbon and resource efficient economy that would enable the UK to lead the global race in the long term.
Andrew Raingold, Executive Director of the Aldersgate Group, has described the report as “a wake up call for politicians from all parties” and an outline of “a growth strategy that is resilient to systemic risk and creates prosperity by delivering solutions to major global challenges”.
The report states, “We believe we are on the verge of a new industrial revolution. The race to create and sell solutions that meet global 21st century needs is well under way. The good news for the UK is that we are in a strong position to lead in many areas and are already reaping the rewards. The danger is that we fall behind in areas where we currently have comparative advantage.”
More details on the initiative can be viewed at AnEconomyThatWorks.org.