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The Low Carbon Economy Ltd

07 Apr 2011 10:04:17

British businesses 'must benefit from low carbon energy policy'

British businesses 'must benefit from low carbon energy policy'
British businesses should be placing their focus on producing components for low carbon technologies to benefit from decarbonising the UK's energy supply, according to the Confederation of British Industry (CBI).

Murray Birt, principal energy policy adviser at the CBI, welcomed the government's commitment to low carbon power, but expressed concerns that "energy policies could make manufacturing uncompetitive".

"UK companies should be making components and materials for low carbon technologies, as this will help rebalance the economy and we must avoid energy policies offshoring energy intensive industries," he explained.

The government estimates £200 billion of investment will need to be ploughed into the country's power infrastructure in the coming years to ensure access to a secure, low carbon supply of energy.

Mr Murray described meeting this challenge as a "huge business opportunity".

However, the CBI recently lashed out at the government's Carbon Reduction Commitment (CRC), claiming that it is "untenable" in its current form.

Changes made to the scheme in the Comprehensive Spending Review were said to have "pulled the rug out" from under businesses just two weeks after they signed up, with the CBI claiming the CRC will not cut emissions, but will increase the cost of doing business.  ADNFCR-1235-ID-800490707-ADNFCR

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