Monday 30 September 2013 – A group of investors responsible for over a trillion (£) of investment worldwide has written to the Chancellor on the day of his speech to the Conservative Party Conference calling for a decarbonisation target to be included in the Energy Bill. They argue that the lack of a target inhibits investment decisions and negatively impacts the UK’s ability to attract the capital needed to update its ageing infrastructure.
Simon Howard, Chief Executive of UKSIF said: “The continued investor support for a 2030 decarbonisation target highlights the significant appetite for the UK to lead the world in lowcarbon energy solutions and to ensure security of supply. Both investors and businesses are looking for a clear commitment from Government to further boost investment in an area which provides exceptional opportunities for long-term growth”.
“The Chancellor should now respond to our coalition’s call and use the Energy Bill to provide the stable and coherent policy framework to support the long-term investment decisions which are vital for sustainable economic growth”.
Click here to read the full press release
Click here to read the letter to George Osborne, Chancellor of the Exchequer