New Prime Minister must throw his full weight behind delivering net zero and nature restoration

Reacting to the announcement that the Rt Hon Rishi Sunak MP will be the next Prime Minister of the United Kingdom, Nick Molho, Executive Director of the Aldersgate Group said: “The new Prime Minister takes office at a time when the UK economy is struggling to attract investment and dealing with significant challenges around the cost of living, energy security and regional inequalities. Accelerating the UK’s transition towards net zero emissions and restoring nature are central solutions to tackling these challenges. [1] Greater investment in energy efficiency, renewable energy, clean transport and the decarbonisation of heavy industry can cut energy costs for households and businesses, reduce the UK’s dependence on volatile fossil fuel prices, deliver significant job creation across all parts of the country and support key export opportunities for the UK economy.”

Nick Molho added: “Businesses are clear that the net zero transition presents one of the largest investment opportunities of this decade, and they see well-designed environmental regulation as a crucial driver in creating jobs and increasing the UK’s long-term resilience. We call on the new Prime Minister to throw his full weight behind the net zero transition and rapidly enact the policies that will help accelerate the low carbon investment that the UK economy urgently needs.”

References
[1] On 22 September 2022 the Aldersgate Group published its manifesto for Government, outlining how the net zero transition and nature restoration can deliver economic prosperity. It covers a number of in-depth policy recommendations to create a sustianable economy while also creating jobs, enhancing energy security and lowering bills. Read here: https://www.aldersgategroup.org.uk/publications/post/the-green-line-a-route-out-of-crisis-and-towards-prosperity/?origin=/publication/type/reports/