Tomorrow’s Queen’s Speech is an ideal opportunity for the new government to affirm the increasing importance of the low carbon economy in the UK and make a clear commitment to support its continued growth.
With the UK’s low carbon economy having seen its turnover grow by almost 25% from 2010 to 2013 and reaching £122bn in 2013, the Aldersgate Group urges the government to recognise the importance of the sector and make a clear commitment in the Queen’s Speech to support its future development.
Nick Molho, Executive Director of the Aldersgate Group said: “From low emissions vehicles and waste processing to energy efficiency and low carbon electricity, the UK’s low carbon sector has grown rapidly in recent years but its future growth requires clear signals from the government that it is committed to continuing the UK’s transition towards a resource efficient and low carbon economy.”
Nick Molho added: “Important decisions will need to be made in the coming year on the future of the UK’s energy efficiency policies, the finance available in the levy control framework to support the continued deployment of clean energy technologies and how the UK intends to put the Natural Capital Committee’s recommendations into practice. A clear signal in the Queen’s Speech highlighting the government’s intention to make rapid and supportive decisions in these areas would be positively received by developers and the supply chain alike and have positive knock-on effects on the economy.”
The Aldersgate Group welcomed today the appointment of Amber Rudd MP as the new Secretary of State for the Department of Energy & Climate Change (DECC).
Building on her impressive business background, Ms Rudd was previously an effective minister at DECC for the final year of the Coalition Government where she championed the role of innovation in building the UK's low carbon economy.
Nick Molho, Executive Director of the Aldersgate Group said: "Amber Rudd's appointment at DECC is an excellent choice. She is in an ideal position to keep on growing the UK's low carbon sector, one of the fastest growing areas of our economy with a turnover that is already twice that of the UK's auto-manufacturing industry".
The Aldersgate Group, whose business members represent a wide range of economic sectors and a collective turnover in excess of £300bn, has urged the new government to recognise the importance of the UK’s environmental and low carbon goods sector as part of the UK’s continued economic recovery.
Nick Molho adds: "We look forward to working with Ms Rudd to ensure the UK secures the benefits of growth, employment, exports and environmental protection the low-carbon sector has to offer."
Following the majority won by the Conservative Party at the General Election, the Aldersgate Group urged the new government to build on the work done in the last five years and support the continued growth of the UK’s thriving environmental and low carbon economy.
The Aldersgate Group, whose business members represent a wide range of economic sectors and a collective turnover in excess of £300bn, urged the new government to recognise the importance of the UK’s environmental and low carbon goods sector as part of the UK’s continued economic recovery. Ambitious, stable policies to tackle climate change and protect the natural environment will make the UK economy more competitive and resilient, whilst delivering important environmental and social benefits.
During the period of the last government, the UK’s low carbon sector grew to employ nearly half a million people with its turnover increasing by nearly 25% between 2010 and 2013, reaching £122bn in 2013. With the sector’s annual gross valued added already equivalent to that of the foods and drinks industry, it is clear that investing in the low carbon economy should form an important part of the new government’s economic plan.
The Aldersgate Group also pointed out that with nearly 2% of Scotland’s jobs already in the low carbon economy, the continued growth of the sector should remain an important priority for the SNP.
Nick Molho, Executive Director of the Aldersgate Group said: “The low carbon sector has continued to thrive in the last five years and we look forward to working with the Conservative government to build upon it. We welcome in particular the Conservative Party’s commitments in its manifesto to improve the state of the UK’s natural environment, support the UK’s Climate Change Act and to continue reducing the UK’s emissions cost-effectively. Achieving these objectives will require ambitious and stable policies and a pragmatic approach to the role that energy efficiency and low carbon technologies, including onshore wind, can play in the future.”