Green or Growth?
The Confederation of British Industry (CBI) has sent its strongest message to date, in urging politicians to make a stand and realise the potential of green business adoption in the UK.
In a report published by CBI “The Colour of Growth: Maximising the Potential of Green Business” John Cridland, CBI Director-General, says, “The so-called “choice” between going green or going for growth is a false one. We are increasingly hearing that politicians are for one or the other, when in reality, with the right policies in place, green business will be a major pillar of our future growth.”
By adopting a more consistent approach to energy and climate change policy, he went on to suggest “we can add £20bn extra to our economy and knock £0.8bn off the trade gap, all within the lifetime of this Parliament.”
So what is the government waiting for? Surely the case here is clear for all to see. Businesses involved in energy and climate adoption wish to trade sustainably but many in the sector are unable to do so. Why you may ask? Well what with climate policy being sufficiently unstable, and competition knocking on every door. The UK’s advantage is being gradually battered by the developing world, particularly that of China. The UK is slowly being left behind while investment gets put on hold seeking greater clarity on return on investments.
The report goes on to make 10 recommendations to government in order to maximise the potential of green business, these include:
- – The UK must maintain its ambition
- – Play a strong role in Europe and internationally
- – Establish clear and stable market frameworks
- – Stimulate new consumers
- – Cut “green tape”
- – Reflect the value of all sectors in the economy
- – Capture greater value from green investments
- – Facilitate the flow of finance
- – Develop our “intellectual infrastructure”
Without greater government intervention the UK risks on losing “something like a third of all our growth” which was accounted for by green business last year. There are great gains to be made on all rounds, if the balancing act can be maintained. By locking investment into low carbon supply chains, building confidence, reducing complexity, and strengthening competitiveness.