Government attitude to net zero destabilises business and the climate
At Low Carbon Alliance, we believe that the recent deviation by the UK government from the agreed and established green transition plan is both disheartening and confusing for business investment.
Despite this potential change in government policy, we make the commitment that Low Carbon Alliance will continue supporting our clients to reduce carbon emissions from property, energy and transport and advance renewable energy initiatives, as economically and environmentally sound practice.
Business and government should be united in shouldering the responsibility to curb carbon emissions and reach net zero. The macro challenges of the climate crisis remain unchanged and need to be above short-term political tactics, while the economic arguments for decarbonisation only strengthen.
Regardless of opinions of the government’s actions on climate change, the transition to net zero represents a significant opportunity to grow the UK economy over the long term.
The burgeoning impact investing market in the UK is now worth upwards of £58 billion according to the FT and the regulatory and public outlook on environmental, social, and governance (ESG) issues is already integrated into many climate-centric financial strategies.
The ongoing global progress towards net zero, showcased by ambitious targets in nations like the US, Australia, and Brazil, underscores the lasting investment premise for firms aiding the net-zero economy transition. The persistence in sustainability and ESG investing, especially within major markets of the EU, US, and China, bodes well for a continued global stride towards a low-carbon, sustainable economy.
Policy decisions may stall the UK’s vibrant and growing green transition, escalating both fiscal and environmental costs across important growth sectors. Low Carbon Alliance will continue to work towards the deadlines of 2030 and 2050 because the sooner businesses take action to decarbonise, the sooner they will reap the benefits of lower energy costs from more secure, renewable sources, higher valued assets, and regulatory compliance.
Not to mention the benefits we all experience by improving the environment and protecting the planet.
For us, nothing changes and we reaffirm our unwavering commitment to our mission of decarbonising commercial property, increasing energy efficiency while lowering costs, and generating renewable energy.