Commenting on publication of the UK Climate Change Committee’s 7th Carbon Budget Bill Esterson MP, Chair of the ESNZ Committee, said:
“The Climate Change Committee’s 7th Carbon Budget makes clear the huge prize to be won from a keen focus on the clean energy transition. The question is not only about the increased likelihood of cheaper energy bills, hundreds and hundreds of pounds cheaper, as we progress towards the goal – it’s about avoiding massive hikes to bills from the next price shock inherent in being reliant on fossil fuels. No one can look at recent geo-political developments and imagine that further gas price shocks are not coming. The UK spent £40 billion of taxpayers’ money cushioning the rise of just one winter’s energy bills in 2022. With public finances and services stretched to breaking, we simply cannot afford to lose any more time.
“To win the gains of cheaper energy from low carbon technologies, we need to capture the public’s imagination – to incentivise and win them over to the clear advantages in the clean energy sector, that will bring costs down significantly. And to make the most of the advantages available needs investment: significant, sustained and steady. The CBI has said that the UK’s green sector is now growing at 3 times the rate of the wider economy. The CCC has set out a pathway to spread that growth, productivity increase and skilled job creation through our economy. This is the future and we must invest in it, make the unambiguous case and bring the public with us.”
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