CBI responds to Prime Minister's speech on renewable energy
The CBI responded to a speech by the Prime Minister, David Cameron, on the future of the UK’s energy sector.
Rhian Kelly, CBI Director for Business Environment, said:
“The Prime Minister’s intervention, underlining the economic and environmental potential of the green economy, will help to repair investor confidence following recent policy uncertainty.
“Major investment is needed from the private sector to decarbonise our energy infrastructure and create new jobs across the country. What we need now is clear ambition from government, greater consistency and to establish market conditions that will help build momentum.
“The announcement of a new industry partnership in North Sea renewable energy is welcome, as are efforts to help bring down the costs of offshore wind technology. Such costs can fall on both households and businesses and must be managed if we are to make the move to a low-carbon economy a reality.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.