The Aldersgate Group has published a Business Statement strongly supporting Government Chief Economists' proposal to commission a robust and independent review into the impacts of resource security and climate change on UK growth.
The statement recognises that resource insecurity, in many cases exacerbated by climate change, is already having a tangible impact on growth. These challenges cannot be tackled by business alone. It is essential that Government plays its part to understand and safeguard future prosperity.
The Aldersgate Group has written to the DECC Chief Economist, Steven Fries, enclosing the Business Statement and expressing signatories' support for the review. The Group has also co-signed a letter to the Treasury Select Committee, calling for an inquiry into the delay of the proposed review.
Peter Young, Chairman of the Aldersgate Group said: "It is vital that the UK responds to global recognition of the direct impact on growth and economic activity of resource constraints, greenhouse gas emissions and water insecurity. This is timely, urgent and essential to steer a future growth path which avoids loss of jobs, assets and competitiveness through neglect of future resource constraints and foreseeable price shocks."