Energy Secretary Amber Rudd has reassured investors and businesses that the UK remains committed to its climate objectives.
Speaking at the Business & Climate Summit in London today, she said the aim to tackle the energy trilemma remains the same despite the UK voting to leave the EU.
In her first major speech after the referendum, she added: “As investors and businesses, you can be confident we remain committed to building a secure, affordable low carbon infrastructure fit for the 21st century.”
She believes the UK “must not turn our back on Europe or the world” and the key challenge now is to work towards a settlement that is in the best interests of Britain.
Ms Rudd said: “Climate change has not been downgraded as a threat. It remains one of the most serious long term risks to our economic and national security. I was lucky enough to lead the world-class team of British diplomats at last year’s Paris climate talks. Our efforts were central to delivering that historic deal.
“The UK will not step back from that international leadership. We must not turn our back on Europe or the world.”
Ms Rudd confirmed the government’s decision on the fifth carbon budget will be announced tomorrow.
She also reaffirmed the UK’s commitment to new nuclear power and insisted the commitment to close unabated coal-fired power stations by 2025 as well as invest in new heat networks remain in place.