2030 Decarbonisation Vote: Businesses will now turn to Lords for energy policy certainty
For immediate release
The Aldersgate Group and its business members are encouraged to see how many MPs recognise that a 2030 decarbonisation target is essential for driving investment and economic growth.
Andrew Raingold, Executive Director of the Aldersgate Group, said: “Today’s Energy Bill debate in the House of Commons revealed growing momentum behind the target – including among Conservative backbench MPs who defended constituents’ interests in the face of party whips. Just 12 more votes would have secured the carbon free power sector that businesses have been calling for. This provides growing impetus as the debate moves to the House of Lords in a few week’s time.”
In October 2012, the Aldersgate Group coordinated a letter to the Chancellor with the support of over 50 large companies stating that a 2030 carbon target for the power sector is essential for stimulating new growth in the economy. It argued that only greater clarity from Government can unleash the £110bn investment required to transform the UK’s electricity infrastructure and drive wider economic benefits.
The Aldersgate Group is an alliance of leaders from business, politics and society that drives action for a sustainable economy.
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