Failing to attract investment
May 1st 2011 The CBI has warned that that the
UK is failing to attract the level of
investment needed to build lowcarbon
infrastructure. It says that with
a third of our energy supply due to
close in the next decade and ambitious
emissions reductions targets to meet,
the UK's power sector alone needs
£150bn of private sector investment
over the next 20 years.
In a report called Risky Business:
Investing in the UK's low-carbon
infrastructure, the CBI reveals that
senior business leaders are not
convinced the UK can attract lowcarbon
investment at the scale and
pace required.
Katja Hall, chief policy director for
the CBI, says: "We need the
Government to set a clear direction
of travel and stick to it. Electricity
Market Reform is a positive start but
more needs to be done to provide
wider policy certainty for lowcarbon
investment. It is particularly
important that the planning system
delivers timely decisions and there
are no more sudden policy shifts as
we saw with the Carbon Reduction
Commitment." More articles from CBI: | 
