Adding TLC to UK Plc: Two Government Ministers Explain Why They Think That British Business Is Perfectly Placed to Lead the World's Transition to a Low-Carbon Economy

By Barker, Greg; Henley, Lord | Financial Management (UK), January-February 2011 | Go to article overview

Adding TLC to UK Plc: Two Government Ministers Explain Why They Think That British Business Is Perfectly Placed to Lead the World's Transition to a Low-Carbon Economy


Barker, Greg, Henley, Lord, Financial Management (UK)


Climate change is not all about vulnerability and exposure. There are massive opportunities for UK business, both in cutting carbon and in building resilience. They present a chance for the private sector to lead a new industrial revolution and be part of a green, low-carbon and resilient economy that meets the nation's ambitious climate-change targets.

UK business must grab the first-mover advantage, therefore, and not sit on the sidelines. It needs to lead the way in building resilience to the effects of a changing climate. We've made a great start in cutting our greenhouse gas emissions, but under the Climate Change Act 2008 the UK's emissions must fall by at least 34 per cent on 1990 levels by 2020--and by at least 80 per cent by 2050.

This will entail a profound change in the way that energy is supplied and used. It means that virtually every form of economic activity will have to cut its carbon impact significantly. And, while we're moving towards a low-carbon economy, we will also need to accommodate the impacts of the climate change that we have already caused.

Tens of billions of pounds of investment are already heading for the low-carbon sector, so tens of thousands of green jobs are ripe for creation over the coming decade. We estimate that the global market for low-carbon and environmental goods and services is worth [pounds sterling]3.2trn now and will exceed [pounds sterling]4trn by 2015. But the green economy isn't only about producing energy more cleanly; it's also about growing the market for products that consume less energy. Indeed, energy efficiency will be the mark of a globally competitive company.

The government is committed to providing the transparency, longevity and certainty that businesses need in order to invest in the low-carbon future. To this end, our comprehensive spending review has earmarked up to [pounds sterling]1bn for the world's first carbon capture and storage demonstration plant. It has also provided extra investment in offshore wind farms, in which the UK has a first-class research capability.

We will create a green investment bank to help boost low-carbon investment. And we will be consulting on reforms to the climate-change levy with the aim of providing more certainty and support to the carbon price. In Europe we are lobbying for an increase in the EU emissions reduction target from 20 per cent by 2020 to 30 per cent and pressing for further energy market reforms to promote low-carbon generation.

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Adding TLC to UK Plc: Two Government Ministers Explain Why They Think That British Business Is Perfectly Placed to Lead the World's Transition to a Low-Carbon Economy
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.