The UK has decarbonised faster than any other G20 nation, and since 1990 has cut emissions by more than a third while growing its economy by two thirds. During this time, British businesses have developed considerable low carbon strengths – from the manufacturing and maintenance of renewable energy infrastructure to energy efficient building engineering and green finance.
Under the Clean Growth Strategy, the government committed to establishing an annual Green GB Week to highlight the opportunities of this clean growth and the role of business and the public in tackling climate change. But while it’s important to celebrate success, the UK still has a long way to go to meet its carbon budgets, grow its low carbon economy and support the competitiveness of its businesses during this transition. This is made even more of an imperative given the UK’s long-term climate targets will have to increase to contribute to meeting the 1.5 degrees target set out in the Paris Agreement on climate change.
Introduced by Gavin Patterson, Chief Executive at BT, this event featured a keynote speech from the Rt Hon Greg Clark MP, Secretary of State for Business, Energy and Industrial Strategy, and interventions from a multi-sector business panel. The event both looked back at business successes in the low carbon economy since the Climate Change Act was introduced and debated what further policy detail is needed under the Clean Growth Strategy to accelerate business investment in resource efficient and low carbon infrastructure, grow supply chains and strengthen the competitiveness of UK businesses as the economy decarbonises.
Thank you to BT for hosting.