Labour commits to strong environmental drive across industry

Clive Lewis, Labour’s Shadow Secretary for Business, Energy and Industrial Strategy, in his first key note speech on industrial strategy put environmental leadership at the heart of Labour’s agenda. He committed a future Labour Government to ensuring 60 percent of energy comes from renewable and low carbon sources by 2030 and signalled that the country needs to take advantage of the new jobs and industries of the future by being an environmental leader. He also said Labour’s programme was about ensuring every person, every generation, every community and every community benefits and is not left behind.

Clive full speech is here and key extracts include:

 

Clive Lewis, Shadow Secretary for Business, Energy and Industrial Strategy - speech extracts:

The next Labour Government will ensure 60 percent of our energy comes from low carbon or renewable sources by 2030.

There’s a real danger, that without urgent action, the election of Donald Trump could mean “game over” for our planet. It’s time for Britain to show leadership on one of the biggest challenges confronting humanity today – climate change.

But it’s not just about tackling climate change.

it’s about energy security in an increasingly insecure world, breaking ahead in rapidly expanding markets for green technologies, creating good jobs and boosting productivity in the process. It’s about reducing our reliance on dirty, imported fuels and becoming a net exporter of energy and energy technologies.

For the reality is that despite the existential threat that climate change presents to our planet, it’s also a massive opportunity for UK business and our economy.

So to deliver our mission we will use our National Investment Bank, network of regional development banks and our commitment to increasing public investment. In particular, we will: double government spending on energy research and set up an Advanced Research Agency, modelled on ARPA-E in the USA, to develop the technologies needed to meet this target.

We will nurture internationally competitive domestic industries – including, crucially, supply chains - through seed funding and subsidies, focused on areas that lost their livelihoods with de-industrialisation. This will include funding tidal lagoon technology, and replacing programmes for the development of CCS technologies that were cut by this Government.

We’ll also be looking at attaching a UK content requirement to state support in order to enable the UK to capture its share of international markets for renewable technology, estimated to be worth $630bn by 2030.

We will use public procurement to strengthen domestic businesses, especially SMEs, right up the supply-chain, asking every LEP in the country to report on how public money is being spent and work with local business and industry bodies to produce a plan for buying locally.

We will mandate our National Investment Bank to finance the energy-efficient retrofitting of buildings following the model of the KFW bank in Germany.

As a result of these policies, in meeting our target we’ll create hundreds of thousands of good manufacturing jobs, boost exports and productivity, reduce energy bills and improve the nation’s health and quality of life.

It will crowd in private sector investment and engender new waves of innovation and creativity we can scarcely predict.

Let’s be clear - a new vision for business that isn’t ecologically sustainable is a mirage.

British business leaders and workers are also parents, aunts, uncles, and grandparents.  They employ young people.  They too are worried about the environment we’re creating and passing on.

But achieving our first mission is not just an ecological necessity, it’s also an economic one.

In the future, runaway climate change will disrupt the flow of trade and goods in multitude of ways. Weather-related disruption of transport of goods, volatility in prices of commodities and political upheaval related to environmental refugees will see potentially millions on the move.

All of these are grave threats to everyone’s economic security and well-being.

In the words of Nicholas Stern, the alleged tension between growth and climate responsibility is a fake horse race.

Tackling climate change will save us money, generate jobs & prosperity and make us healthier and more secure.

This is just the first of many missions that will give shape to our industrial strategy in coming months.

Showing 1 reaction

  • followed this page 2016-11-14 22:12:06 +0000