In an interview for leading carpet manufacturer Interface, Andrew Raingold, Executive Director of the Aldersgate Group, said that we need a political and economic agenda that puts the long-term interests of citizens at its heart. This must be built on "a new mindset" that encapsulates how we can prosper in a very different world; "a heroic nation in a struggle for future prosperity".
The Aldersgate Group have written to both David Cameron and José Manuel Barroso, President of the European Commission, to urge the EU to propose an ambitious set of concrete initiatives on green growth at the EU-China Summit.
In collaboration with E3G and EU CLG, the joint letters state that the Summit represents a critical opportunity to align European and Chinese interests on the green economy, and formulate a new approach to the EU-China relationship which maximises mutual opportunities and better manages trade tensions.
Further integration of European and Chinese markets would deliver immediate and large business opportunities for European firms. China will spend $8 trillion on urbanisation and over $1 trillion on power systems to 2020. The majority of this investment will need to be clean, efficient and low carbon. The letter sets out four priorities to help create a "Green Growth Area" between the EU and China.
Ed Davey, Secretary of State for Energy and Climate Change, has warmly welcomed a letter sent by the Aldersgate Group, calling for a meaningful decarbonisation target to be included in the Energy Bill in 2014. His letter states: "I am genuinely grateful for your letter and was impressed by the significant investor numbers and names who are clearly supportive of an ambitious approach to tackling climate change."
Whilst recognising "that we need to decarbonise our power sector significantly", Mr Davey insisted that "the Government is taking powers in the Energy Bill to set a target range for electricity sector decarbonisation for 2030." The Aldersgate Group has criticised the Government's approach to the decarbonisation target which is unduly weak, and coordinated a letter with UK SIF arguing that the Energy Bill must create the obligation to include a decarbonisation target in 2014, to be implemented by 2030. The letter was signed by investors with over £1 trillion assets under management worldwide and sent to the Chancellor in September 2013.
The Environmental Audit Committee has published its report into biodiversity offsetting in England (click here). Drawing on multiple submissions of oral and written evidence, including from the Aldersgate Group (click here to read), the report is cautiously in favour of biodiversity offsetting providing the correct measures and safeguards are implemented. The Committee insists that biodiversity offsetting must not be allowed to give developers a "carte blanche to concrete".
Ian Dickie, Director of the Aldersgate Group and author of the Group's submission, said: "Biodiversity offsetting can be an appropriate tool to help tackle conservation objectives, providing it ensures existing levels of protection and is mandatory. We would warn that understanding of biodiversity offsetting is currently at a low level, which makes it vital that the Government does not rush this process and takes due time to design an effective system."
The Aldersgate Group has responded to the Department of Environment, Food and Rural Affairs (Defra)'s consultation on biodiversity offsetting.
The Group's response finds that the most important goal for this area is biodiversity protection and enhancement, which makes offsetting an appropriate tool to help with wildlife conservation objectives in England, providing it is structured appropriately. The framework must ensure no dilution of existing protection and that the system is robust and mandatory.
The Aldersgate Group has also co-signed a letter to the Chancellor of the Exchequer, calling for offsetting to be mandatory. This letter can be viewed here.