A wide alliance of over 100 organizations, including Alstom, from across the economy and civil society, including some of the UK's major businesses, investors and trade associations, called today on the UK Government to follow the advice of the Committee on Climate Change and stick to its current emission reduction objectives under the Fourth Carbon Budget.
This budget covers the emission reduction that the UK needs to deliver over the years 2023 to 2027 to stay on track for reducing its emissions by at least 80% by 2050 under its Climate Change Act.
In a statement which coincided with the publication today of the Committee on Climate Change's updated recommendations on the Fourth Carbon Budget, the alliance called on the Government "to stick to ambitious emission reduction objectives for the 2020s to give business the certainty it needs to commit significant investments to the UK's promising low-carbon economy" and maintain the UK's energy security.
Terence Watson, UK President, Alstom, said:
"We're a manufacturing company. We need policy stability in order to make long term investments, as do our customers & supply chain. 'Stop-Go' politics threatens that investment and raises costs for everyone. That is why changing the 4th Carbon Budget now would be a strategic mistake - with consequences. And let's not forget the great opportunity here: hundreds of thousands of jobs all over the country in new growth areas where the UK can take a significant market share."