UK’s economy could get benefits if the country reaches its carbon targets by 2020.
That’s according to a new report made by experts in the energy sector which stated the environmental and low carbon goods sector are currently playing a key role in the UK’s continued economic recovery.
They have provided an annual turnover of £122bn in 2013, it added.
Called ‘A Brighter, More Secure Future: Low carbon priorities for the new government’ it gives recommendations to UK’s Government towards achieving its carbon target in 2020.
It urges policy makers to provide clarity on the funding and level of ambition for low carbon technologies beyond 2020 as well as prioritising energy efficiency improvements in infrastructures.
It also recommends to continue the “positive” work done regarding climate change.
Nick Molho, Executive Director of the Aldersgate Group said: “Last week’s report from the Committee on Climate Change showed that decarbonising the UK’s economy could be done affordably. This report goes further and shows that tackling climate change can provide significant economic opportunities for the UK and make our economy far more competitive and resilient to shocks in the future.”