By Claire West
The CBI today commented on the Committee on Climate Change’s (CCC) report The Fourth Carbon Budget — Reducing emissions through the 2020s.
Dr Neil Bentley, CBI Director of Business Environment, said:
“We support the UK’s existing climate change targets for 2020 and 2050 and businesses are already taking steps to measure and reduce their emissions.
“The Committee’s proposal for an extra staging post at 2030 could provide additional clarity for investors, but the feasibility of the proposed target would need to be examined in detail.
“Investors will only commit to low-carbon projects if they are confident about the policy framework in the long-term. The Government's forthcoming announcements on reform of the electricity market and work to simplify the Carbon Reduction Commitment will be crucial tests.”