Aldersgate Group reposted this
Timely Aldersgate Group publication last week, as we all adjust to significant economic disruption and geopolitical instability. In such circumstances, a well-designed industrial strategy that maximises our strengths is of critical importance. One area in which we can genuinely claim to be a leader is in decarbonisation, and there are significant economic benefits to leveraging that as government sets out its plans for industry. However, we must overcome the existing policy gaps and set out measures to address these areas that are holding back progress. All the recommendations below are crucial 👇
🏭 Last week we launched a new paper setting out the policy gaps that must be addressed by the UK government to drive industrial decarbonisation while driving growth. 📈 Our recommendations outline a path that can ensure emissions reductions contribute to creating competitive low carbon industry across the UK. Read the recommendations 👇 - As it expands out renewable capacity, government should prioritise interventions on Power Purchase Agreements, the British Industry Supercharger, and reduced costs allocated to electricity. - This should be supplemented by capex support and the development of a business model to drive industrial electrification. - A focus is needed on dispersed industrial sites, which may face challenges in accessing both electricity and wider infrastructure. Coordination between local area energy and growth plans, and support on finance and skills, must be delivered to support these businesses as they decarbonise. - Implement demand-side measures that create a robust market for low-carbon industrial products. By utilising public procurement, implementing rigorous mandatory product standards, and embedding sustainability in upcoming initiatives such as the Infrastructure Strategy and housebuilding targets, the UK can ensure this market grows. This should be accompanied by clear efforts to increase resource and energy efficiency. Click here to read the full report 👉 https://lnkd.in/ePTS5Uih