The Aldersgate Group has supported an announcement by DECC Secretary of State, Ed Davey, that the Government will not amend the Fourth Carbon Budget. The budget covers the period 2023 to 2027 and will stay at its existing level of 1950 MtCO2 equivalent.
Andrew Raingold, Executive Director of the Aldersgate Group, said: "Mainstream businesses warmly welcome the Government's commitment to the Fourth Carbon Budget. This provides greater certainty for long-term investments in the low carbon technologies that can provide a backbone to growth, jobs and competitiveness.
"The global race to develop and adopt low carbon solutions will help define prosperity in the twenty-first century. This is an important step to ensure that the UK's overall policy framework maximises the economic opportunities of the transition."