Responding to the Prime Minister’s 10-point plan for a green industrial revolution, Jonathan Geldart, Director General of the Institute of Directors, said:
“Going net zero will be a huge challenge for the whole economy, but business leaders are behind the Government’s ambition.
“The Prime Minister is right to put private sector innovation at the heart of the strategy. To effect change, what businesses need most is clarity and leadership from Government, and today’s plan is an important step in that regard. For instance, the 2030 target for polluting cars may be stretching, but it provides something clear for the industry to aim toward.
“This plan is a beginning, not an end. Practical issues around the implementation of these goals will inevitably emerge. More information is still needed in areas, such as nuclear power and carbon pricing. Further funding will no doubt be needed in the years to come.
“In aiming for net zero, one of the big challenges will be enabling directors to translate top-line commitments into action at the company-level. Businesses of all sizes should be empowered to make a difference. Nine in ten IoD members believe it’s their responsibility to take action on climate change in their organisation, and greater investment incentives would help to capitalise on this enthusiasm.”