14 December 2020
Rain Newton-Smith, CBI Chief Economist, said:
“The Energy White Paper is an important next step in our plans to reach our net-zero emissions target. Action is needed now, and the welcome focus on job creation around the country, developing sustainable low-carbon industries, and ensuring the transition is fair for consumers will all help us achieve our ambitious climate goals.
“Business stands ready to deliver the investment and innovation needed to turn ambition into reality, and the proposals outlined in the Energy White Paper will give firms further confidence to deliver new infrastructure, including electric vehicle charging, renewable power generation and low-carbon upgrades to people’s homes.
“The government’s decision to enter into negotiations over Sizewell C and to further develop financing plans for new nuclear is also welcome. Nuclear will play an important role, alongside renewables, in powering our low-carbon economy. Building new nuclear capacity will give us a vital tool to help meet our global climate obligations.
“The additional clarity provided on plans for post-Brexit carbon pricing will give businesses across the economy further welcome certainty ahead of January 1st.”