The Confederation of British Industry (CBI) is calling upon the Government’s recently-formed Department of Business, Energy and Industrial Strategy (BEIS) to provide ‘greater clarity’ on how the UK intends to shape future energy policy and meet its climate change targets.
The calls follow a damning CBI study which revealed that 83 per cent of British businesses and 59 per cent of infrastructure providers operating in the energy sector were ‘not confident’ in the UK’s ability to meet the demands of promises made under the COP21 Climate Change Agreement.
Their study, carried out in collaboration with AECOM, also suggested that a lack of clarity surrounding future UK energy policy was deterring private investment in the sector, with 80 per cent of energy providers claiming that they were ‘unhappy’ with current investment levels.
The CBI has said: “To improve UK business confidence about meeting these ambitious targets, it is crucial that the Government comes forward with a clear and credible plan that works for all businesses.
“The new Government department for BEIS, which also incorporates climate change as part of its remit, presents an excellent opportunity to bring the various strands together in order to achieve this.