13 September, 2011 – London, England -- On the 5th September, the CBI called for action to support industries vital for tackling climate change.
“The Government needs to act swiftly to ensure the global competitiveness of the UK's most energy-intensive manufacturers is not undermined by rising costs and climate change and energy policies.
In a new report ‘Protecting the UK's foundations: a blueprint for energy-intensive industries’, the CBI argues that these companies form a crucial part of the manufacturing and supply chain and will play a key role in tackling climate change. Energy-intensive companies also employ 225,000 people in the UK and account for one percent of annual GDP (£15bn).
But the carbon floor price is making it increasingly uncompetitive for the most energy-intensive users to remain in the UK, and the CBI is calling on the Government to consider exempting these firms from the tax.”
Dr. Martin Blake,...