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2030 Power Sector Carbon Target Essential for Growth

8th October 2012

A powerful alliance of the UK's largest businesses and industry bodies have written to the Chancellor, stating that a 2030 carbon target for the power sector is essential for stimulating new growth in the economy. Only greater clarity from Government can unleash the £110bn investment required to transform the UK's electricity infrastructure and drive wider economic benefits.

Peter Young, Chairman of the Aldersgate Group said: "The message of this letter is loud and clear: we must put an end to any political uncertainty surrounding the UK's energy future and start unleashing the billions of pounds of overdue investment which will deliver new growth for our economy."

To read the letter to the Chancellor, click on the button to the right.

See also media coverage in the Financial TimesThe TelegraphNew StatesmanThe EconomistGuardian and the BBC.