CBI calls for government decision on the future of business energy

10/08/2010

The Confederation of British Industry (CBI) wants the government to put in place several key energy and planning reforms in order to allow UK companies to make commitments on business energy initiatives.

In its No Time To Lose: Deciding Britain's Energy Future report, the business group warned that £150 billion of planned private sector investment in low-carbon initiatives would fail without clearer government policy.

Deputy director-general of the CBI John Cridland said the government "must not let the timetable for energy and planning reform slip".

"Uncertainty on plans for electricity market reform, slow progress on clean coal and nuclear power, as well as the cost of renewable energy are adding to the mood of caution among investors. We need investment from companies, not delays from government," he added.

By February 2011, the business lobbying group wants the government to have secured a Decentralisation and Localism Bill which covers details on energy infrastructure planning as well as produced ways to support businesses and industries most vulnerable to international climate policy changes.

The CBI represents member businesses from 13 regions across the UK and is key voice influencing government policy decisions affecting UK business and industry.

Posted by Sam Williams