We set out an affordable response to the US’ Inflation Reduction Act
Key takeaways
- Making the most of 27 green growth prizes could deliver a £57bn boost to GDP by 2030
- We don’t have to outspend the US, we need to outsmart our competitors
- We can do that by focusing on policy certainty, financial incentives and delivery
It’s the CBI’s mission to support sustainable growth for the benefit of society. And our members are clear: realising the opportunities in green growth will be a big part of helping the UK realise its full potential.
But the clock is ticking on making the most of the opportunities. The US Inflation Reduction Act has changed the game on global green investment. The EU Net Zero Industry Act is increasing the competition still further. This means the UK can’t just address the issues “around the edges” of the green economy. To be truly in the race, we need to get more strategic, more ambitious, and act with more agility.
Our report, Going for Green, sets out how the UK government can help make that happen, with the private sector firmly behind them.
Combining extensive member input with expert analysis from our economists, we show that making the mo
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