Environmental policy roadmap issued in response to business demand for clarity to underpin private sector investment
The government has responded to businesses' calls for greater clarity around its plans for greening the economy by publishing a timeline for regulatory action and showing how businesses and the public sector can work together.
Enabling the Transition to a Green Economy went live today on the government's BusinessLink site after being developed across the Department for Business, Innovation and Skills, the Department of Energy and Climate Change and the Department for Environment, Food and Rural Affairs.
The document links in with the Plan for Growth (PDF) released alongside this year's Budget, which outlined the coalition's strategy of overhauling the economy to focus on sustainable growth.
However, there has been criticism from businesses that the government has unsettled investors by leaving out key details of flagship policies such as the Green Deal energy efficiency scheme, or chopped and changed other regulations, most particularly feed-in tariffs and the Carbon Reduction Commitment.
The government hopes this document will placate investors by outlining its plans to 2020 and beyond, across areas including change, resource efficiency, waste prevention, carbon capture and storage, offshore wind generation and the Green Deal.
As part of a new drive for clarity, the government sets out 10 commitments to supporting a green economy, including promoting international action, attracting investment in infrastructure, introducing proportionate environmental regulation that minimises businesses' burdens, promoting voluntary agreements as an alternative to regulation, and equipping the workforce with the right skills.
It is also looking to show businesses the opportunities offered by expanding environmental products and services, in which the UK is the sixth biggest market in the world, and producing greener alternatives in sectors such as the automotive industry, retail and construction.
"Businesses need to prepare for a low carbon future, minimise the risks in the fossil fuel economy and maximise the opportunities arising from green technologies," said Business Secretary Vince Cable.