Tuesday 8 November 2016

UK won’t hit COP21 targets, say 83% of firms

UK won’t hit COP21 targets, say 83% of firms

A staggering 83% of infrastructure firms aren’t confident in the UK’s ability to meet the requirements of the COP21 Paris Climate Change Agreement.

That is according to a new CBI survey of 728 companies.

Nearly three quarters of firms and four fifths of manufacturers said improving the security of energy supply was an important long term goal for their future operations.

Around 71% of respondents believes there needs to be greater investment in energy efficiency.

Nearly six in 10 infrastructure providers in the energy sector said they are dissatisfied with the government’s current energy policy framework to boost investment.

A third are confident about security of supply during the current Parliament but 27% still worry the government isn't going to take the necessary steps to improve long term outlooks.

Nearly 60% aren't happy with current frameworks aimed to boost investment.

Carolyn Fairbairn, CBI Director-General, said: "At the end of the day, delivery is what matters. It’s great the government is taking the decisions for our long term future prosperity, like giving the green light to the new runway at Heathrow, Hinkley Point and improving digital connections but businesses also need clear, deliverable timetables for action on major national projects in order for them to act as magnets for investment, growth and jobs."

Written by

Bruna Pinhoni

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