ASDA, Marks & Spencer, Philips, Sky and Biffa are among 46 organisations calling for an official review into the impacts of resource scarcity and climate change on UK economic growth.
The Aldersgate Group published a Business Statement, strongly supporting Government chief economists’ proposal to commission a robust and independent review into the impacts of resource security and climate change on UK growth.
The call has been signed by a plethora of signatories, including Friends of the Earth, the National Grid and the Co-operative.
The statement recognises that resource insecurity, in many cases exacerbated by climate change, is already having a tangible impact on growth. These challenges cannot be tackled by business alone. It is essential that Government plays its part to understand and safeguard future prosperity.
Peter Young, Aldersgate Group – “It is vital that the UK responds to global recognition of the direct impact on growth and economic activity of resource constraints, greenhouse gas emissions and water insecurity”
The Aldersgate Group has written to the DECC chief economist, Steven Fries, enclosing the Business Statement and expressing signatories’ support for the review.
The Group has also co-signed a letter to the Treasury Select Committee, calling for an inquiry into the delay of the proposed review.
Peter Young, Chairman of the Aldersgate Group said: “It is vital that the UK responds to global recognition of the direct impact on growth and economic activity of resource constraints, greenhouse gas emissions and water insecurity. This is timely, urgent and essential to steer a future growth path which avoids loss of jobs, assets and competitiveness through neglect of future resource constraints and foreseeable price shocks.”
For Statement and list of signatories CLICK HERE