Responding to the report by the Environmental Audit Committee to "restore confidence in energy policy", Andrew Raingold, Executive Director of the Aldersgate Group, said: "Ministers need to sit up and pay attention to the long and growing line-up of supporters for a 2030 power sector carbon target. The Environmental Audit Committee has today added its voice to businesses, industry bodies, energy utilities, NGOs and MPs across the country that have repeatedly made the economic case for such a target this autumn."
"If the Autumn Statement is going to kick start growth and jobs, it must provide the certainty on our energy future that businesses have been demanding. The policy grid lock is already damaging low carbon investment and capital allocation."
In a new report into the Autumn Statement, the cross-party Environmental Audit Committee finds that Treasury led ‘dash for gas’ could make the UK’s carbon targets under the Climate Change Act unachievable. The Committee is calling on the Government to restore investor confidence in the future direction of energy policy by setting a clear decarbonisation objective in the forthcoming Energy Bill.
The Committee's report can be downloaded from here.