CBI: Green business could single-handedly cut UK deficit in half

The CBI has used its strongest rhetoric yet in urging politicians to adopt a smarter, more consistent approach to energy and climate change policy.

Research by the CBI (http://www.cbi.org.uk/) shows that the UK is in a prime position to become a leader in low carbon products and services if Government embraced the market; a market that would add an extra £20 billion in annual GDP by 2015.

In his speech Cridland said: “The so-called “choice” between going green or going for growth is a false one. We are increasingly hearing that politicians are for one or the other, when in reality, with the right policies in place, green business will be a major pillar of our future growth.''

“With something like a third of all our growth accounted for by green business last year, the UK could be a global front-runner in the shift to low-carbon. In the search for growth, we’re digging for goldmines – and one of them is green.

“Get our energy and climate change policies right, and we can add £20bn extra to our economy and knock £0.8bn off the trade gap, all within the lifetime of this Parliament.”

The full CBI report can be read here: The colour of growth: maximising the potential of green business.