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Gloucestershire Business News

Business groups united in climate fight

Businesses and workers must play a role in the shift to a carbon neutral economy by 2050 according to five leading business groups.

The Federation of Small Businesses, the Confederation of British Industry, Make UK, the Institute of Directors and British Chambers of Commerce have written to the Government reaffirming their joint goal.

The letter highlights the need for a joined-up, effective approach to the delivery of policy aligned to our long-term climate targets.

A joint report on a Just Transition to Net Zero sets out five core principles - ambition, accountability, delivery, opportunity and cost - intended to act as a 'fairness test' for policymakers in planning and designing regulatory policy frameworks and prioritising investment.

In a joint statement, the business groups said: "Businesses have long said they can't afford to go low carbon, but we're now seeing a stark shift in narrative.

"They are enthusiastic about the future and there's never been a better time to empower SMEs to make the shift.

"Big corporations have big budgets for green initiatives, but smaller firms need support to make sure they don't get left behind."

They continued: "At a time when all political parties support the target that the UK should be carbon free by 2050, it's now down to the Government to ensure businesses aren't disproportionately hit.

"We believe that such an approach can provide a robust policy framework enabling the UK to maintain its current domestic and global ambitions, whilst being accountable, credible, and fair.

"With the right support they can play a critical role in helping the UK reach its green targets and shore up supply through a just transition.

"That's why the five business groups have joined forces to call for a principle-led approach to develop its net-zero aligned policy."

In May, 884 companies set science-based targets, including 98 companies with headquarters in the UK and 456 companies with operations in the UK.

The UN's Climate Change Conference will be held in Glasgow in 2021.

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