Here at the CBI’s climate change summit, most of the anger towards government has centred on the changes to the carbon reduction commitment (CRC), which has seen money originally earmarked for businesses with good environmental performances going to the Treasury instead. The BBC’s Roger Harrabin summed up the feeling in the room when he described it as the government “nicking your CRC dividend”.
So business leaders are relieved to hear Chris Huhne, the energy secretary, make some concessions today. Here’s what he said:
Today we have published a UK-wide consultation on delaying the start of Phase II of CRC. This means that participants won’t need to register for Phase II until 2013.
The director general of the CBI, the British business lobby group, has been outlining this morning his vision of where exactly the UK business sector is in terms of meeting its climate change commitments.
Speaking at the CBI’s climate change summit in London, Lambert made a fairly downbeat assessment of what has been achieved over the past three years. And he had two simple messages for UK policymakers: be consistent and stop hyping ‘green’ jobs.
The second of these messages comes as something of a surprise from a spokesman for British industry, which has been told to expect a major boom from the creation of jobs related to tackling climate change.
Bob Dudley has been addressing the CBI today, making his first speech outside BP since becoming CEO last month.
His tone was humble and gracious. He said:
So it’s a pleasure as well as an honour to be invited to speak with you today.
It’s also humbling, not least because of the circumstances in which I stepped into this role – a tragic accident in which 11 people lost their lives and an oil spill that has impacted livelihoods, businesses and the environment.
But his message was essentially robust: we are not budging, either from the US or deepwater in general.
The British government has finally announced what we have known for a while: that it will keep in place the £60m of investment pledged by the last government to improve infrastructure for offshore wind.
David Cameron told the CBI annual conference:
To help secure private sector investment in this technology, we’re providing up to £60 million to meet the needs of offshore wind infrastructure at our ports. And to help move things forward, the Crown Estate will also work with interested ports and manufacturers to realise the potential of their sites.
It’s a triple win. It will help secure our energy supplies, protect our planet and the Carbon Trust says it could create 70,000 jobs.