Businesses and investors urge MPs to vote for 2030 decarbonisation target

3rd June 2013

Two of the UK’s leading business and investor associations, the Aldersgate Group (AG) and the UK Sustainable Investment and Finance Association (UKSIF), jointly call today on MPs to vote in favour of a target in the Energy Bill that would commit the UK to a near carbon free power sector by 2030.

Andrew Raingold, Executive Director of the AG, told the Guardian: "Businesses and investors have been loud and clear that such a target would not only reduce costs but provide greater certainty for companies to invest in the development of UK supply chains and jobs. It's a pro-growth and pro-deficit reduction strategy." 

Simon Howard, Chief Executive of UKSIF, said: "There is significant investor appetite for the UK to be a global leader in profitable low carbon energy solutions, providing the high quality innovation and jobs that the country needs to ensure a future economic recovery. We call on MPs to recognise this and vote in favour of enshrining the 2030 decarbonisation target in the bill."