The Aldersgate Group is investigating how to resolve the complexity and lack of transparency in the UK energy market.
Progressive businesses are leading the way in tackling climate change and many are investing in low carbon energy to lower their carbon footprint. To do so, they frequently pay a premium for "green tariffs" or on-site renewables. But some reporting frameworks (like the CRC) ask businesses to report low carbon electricity to their stakeholders as "grid average", while others (the Climate Change Levy) recognise the purchase as zero carbon. This creates confusion and blocks clear communication of power purchasing decisions to the Board and shareholders.
The Aldersgate Group proposes that a solution would be trusted labelling of purchased electricity. Click here to see an example of an electricity label.
The survey covers your electricity purchasing decisions. It should take around 10 minutes to complete the priority questions. All those who contribute will be able to be kept up to date with the project's progress.
Speaking at the joint Government-CBI Industrial Strategy Conference at Warwick University, Aldersgate Group Chairman, Peter Young, set out how the Industrial Strategy must strengthen and develop UK-based supply chains so that more value is captured domestically.
On a panel with BIS Minister Michael Fallon, he said: "We must take the opportunity to re-invent the supply chains of both traditional and new sectors to drive growth which is decoupled from the negative externalities of past industrial revolutions. Businesses which are energy efficient and operate with low virgin resource intensity will thrive in a resource-constrained world and have a competitive edge on those that do not."
"Government must maintain a commitment long term to the various industrial strategies underpinned by clear and smooth delivery; as for example in energy policy to give business the clarity and timing to invest in future low carbon markets. The sector approach can allow both government and business to develop solutions in emerging markets with a mix of policy, investment and co-ordinated procurement to create UK supply chains which can boost jobs, productivity and exports."
In an essay for Business Green, Andrew Raingold, Executive Director of the Aldersgate Group, argues that the trend towards "New Environmentalism" will only gain mass appeal if we ditch the "Environmentalism". He contends that new narratives are needed that have much wider appeal to the general public than traditional "green growth" economic frames and that empower their target audiences. At its heart, this is about a "heroic nation in a struggle for future prosperity" rather than a green "flavour enhancer" that has been largely marginalised in the national debate about growth.
Drawing on the success of the Occupy Movement in shifting the economic debate away from an obsession with public debt, Andrew argues that "we need an economy with purpose that works strategically to make Britain truly 'great' and deliver rising prosperity to its citizens... Short-term fixes and decimal changes in GDP growth will not be sufficient to get us there."
The article is part of a series of essays for a cleaner future which includes contributions from MPs, business leaders, the EU Environment Commissioner and the UK Climate Change Minister.
The Aldersgate Group welcomes the wide acceptance of the work of the business-led Ecosystems Markets Task Force (EMTF) set out in the Government’s response published on 5th September. But while the Government has favoured the vast majority of the recommendations, the actions described could fall well short of delivering the contribution to growth and business opportunity that ambitious implementation of the EMTF's carefully crafted suggestions would make.
Peter Young, Chairman of the Aldersgate Group and a member of the EMTF said: “The business opportunities highlighted by the EMTF will not be realised if Government is not prepared to make them tangible and secure for investment in new nature based markets. For example, it is vital that the current consultation on biodiversity offsetting does not result in a voluntary scheme which, the published Impact Assessment shows, will deliver absolutely nothing for growth. It would be a massive missed opportunity which has been estimated to be worth £450 million over the next decade. I am pleased that there will be the opportunity to scrutinise progress on all 22 recommendations next spring.”
The Aldersgate Group is collaborating with Anglia Ruskin University in a new project to map the world’s resources. This will investigate the effect of resource constraints on short-term GDP and seek to provide clear information to policymakers on a range of scenarios in order to close the time-lag between the short-term agenda of governments and the long-term vision of current resource models.
Andrew Raingold, Executive Director of the Aldersgate Group, said: "The Aldersgate Group are delighted to partner with Anglia Ruskin University to gain a greater insight into the current interaction between resources and the economy. The scarcity and security of key resources are a material risk for many of our business members and country specific analysis will be vital for prudent policy making in a rapidly changing world."