Businesses 'welcome' new carbon reduction targets - 19/05/2011

Several business energy users have come out in support of the government's forth carbon budget.

The Confederation of British Industry (CBI) said it welcomes energy and climate change secretary Chris Huhne's decision to back the recommendations of the Committee on Climate Change, which commits the UK to reducing its carbon dioxide emissions by 50 per cent on 1990 levels by 2025.

Katja Hall, director of policy at the CBI, commented that the government will need to get its short-term priorities right if the new targets have any chance of success.

"With the green economy potentially bringing in £200 billion of investment into the UK's energy sector alone, we need policies that will foster growth by decarbonising our energy supply, increase energy efficiency and support the competitiveness of our manufacturing base," she explained.

It will be the success of policies including the Green Investment Bank, electricity market reform and the Green Deal that will determine whether the country can meet its ambitious targets, Ms Hall added.

Businesses that want to do their bit for the carbon-cutting exercise could compare green energy tariffs to see whether they can get a cheaper deal.

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