In a series of roadmaps covering key sectors the lobbying group has set out action plans and key steps for the Government to take.
This includes issuing a national policy statement on renewable power as a 'matter of urgency”. The CBI has also called for the extenision of incentives to industry to invest in renewable energy kit.
The buildings roadmap includes the installation of smart meters in homes and businesses so users can see how much power they are using, loft insulation installed in three million homes and agreement on a realistic definition of ‘zero-carbon’ for new homes and business premises.
John Cridland, CBI deputy director-general, said: “Together these roadmaps show the practical steps that need to be taken from now until 2020 to make sure we meet our climate change targets, secure our energy supply and make the transition to a low-carbon economy.
“Achieving all of this in the ambitious timeframe that has been set will require massive investment of private capital, much of it from abroad.
'But this will only be forthcoming if there is certainty about the direction of government policy, a robust price for carbon, a clear planning and regulatory structure, the right regime for tax and intellectual property, and the skills that will be needed to bring all this new kit to market.”