2030 Decarbonisation Target Must be Brought Forward

13th March 2013

The Aldersgate Group has written to MPs on behalf of leading UK companies to bring forward the 2030 decarbonisation target and support an amendment to the Energy Bill tabled by AG member Tim Yeo MP and Barry Gardiner MP. 

Andrew Raingold, Executive Director of the Aldersgate Group, said: "Today’s uncertainty about the UK’s energy future is undermining private investment in vital infrastructure and wider economic growth. Prolonging this strategic uncertainty until 2016 and making it subject to the outcome of the next election risks creating a 3 year hiatus in investment and causing the UK to lose competitiveness in low-carbon energy supply chains. That is why leading UK businesses are supporting an amendment to the Energy Bill to ensure the economy is not locked into increasingly expensive and volatile high-carbon energy."