Environmental policy has its place at the heart of UK’s economic plan

18th March 2015

Reacting to today’s announcement on the 2015 Budget by the Chancellor of the Exchequer, the Aldersgate Group urged all political parties to put environmental policy at the heart of their economic proposals ahead of the next General Election. 

The Aldersgate Group highlighted in particular that there is increased evidence that policies to promote resource efficiency, reduce carbon emissions and improve the state of the UK’s natural capital could all deliver net economic benefits to the UK as well as make the UK economy better able to cope with future supply risks, whether these be linked to the availability of fossil fuels, key materials or local environmental resources such as water.

Nick Molho, Executive Director of the Aldersgate Group said: “At a time where there is mounting evidence that ambitious policies to reduce carbon emissions, improve resource efficiency and protect our natural capital could deliver net economic gains to the UK and make our economy more robust to future resource shocks, it is in our national interest to put the environment at the heart of our country’s economic plan.”

Highlighting that today’s budget didn’t do much to recognise the important economic potential of environmental policies beyond the welcome support for a new tidal power scheme, Nick Molho added: “The upcoming election is a unique opportunity for all parties to integrate environmental policy as a key part of their economic proposals and show that they want the next Parliament to build an economy that will be competitive, secure and sustainable in the long-term.”