Dash for infrastructure must be fit for the long term

31st October 2012

Andrew Raingold, Executive Director of the Aldersgate Group, has told MPs that the Government's dash for infrastructure must include a more strategic review of long-term economic challenges, such as resource scarcity, to boost resilience and competitive advantage.

In reference to Treasury's National Loan Guarantee Scheme, he told the Environmental Audit Committee in a witness session for their inquiry into the Autumn Statement that "not one of the five criteria against which these projects are judged includes sustainability". This would risk locking into high carbon infrastructure that could lead to significant additional costs further down the line.