CBI: £4.3bn opportunity to be squandered by UK’s ‘complacency’ on green technologies

Danker delivered his first public speech of 2023 on Monday (23 January) at the University College London. The speech reflected on the economic growth approaches of the three Conservative Prime Ministers the UK has seen within a 12-month period and saw Danker arguing that, while incumbent Rishi Sunak should “comfortably” hit his pledge to grow the economy by 0.1% by the end of 2023 , growth could be limited to this level unless he and his Cabinet set their sights higher. Danker argued that a key lever for delivering growth beyond this level, despite economic headwinds, will be innovation in the fields needed to deliver the UK’s legally binding 2050 net-zero target. He emphasised how, given that net-zero targets from nations and regions now cover 91% of global GDP, the UK is in a global cleantech race that it is not winning. He said he is “worried” about the UK’s “complacency on green technologies” and found Chris Skidmore’s recent Net-Zero Review “devastating” . The review pointed out more than 120 interventions that the UK Government would need to make to deliver a ‘pro-business, pro-growth’ transition to net-zero, concluding that there is still time to seize this opportunity but that […]

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