Corporate leaders beg for environmental Budget

A group of business leaders has written to the Chancellor to make sure the UK’s energy policies reflect its climate change goals. The Prince of Wales’s Corporate Leaders on Climate […]

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By Tom Gibson

A group of business leaders has written to the Chancellor to make sure the UK’s energy policies reflect its climate change goals. The Prince of Wales’s Corporate Leaders on Climate Change praised the Coalition’s climate policy and said it was on the right track, but insisted “action on climate change is both a necessity and a source of economic opportunity.”

The group, which is made up of business leaders from UK and international companies, believe there is an urgent need to develop new and longer term policies for tackling climate change. The group welcomed environmental policies such as the EU ETS and the Climate Change Act, but demanded a more joined-up approach with Europe.

In the letter to the Chancellor the group wrote: “We ask you to press your counterparts in Europe to act to reduce availability of allowances in order to increase the carbon price, including considering proposals to set aside allowances in Phase III of the ETS. This should remain a priority for the UK’s discussions with its European partners.”

Last year George Osborne said he was concerned about green policies. In his autumn statement he said: “We are not going to save the planet by shutting down our steel mills, aluminium smelters and paper manufacturers.
All we will be doing is exporting valuable jobs out of Britain.”