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Climate change solutions present economic boon, not burden

The chief executives and senior leaders of 18 major businesses in the construction and property sector have united to highlight the economic opportunity presented by climate change.

In an open letter published in The Daily Telegraph today (4 November), they warn that “undermining the Climate Change Act is deeply unhelpful and creates uncertainty” and that “it should continue to be the central framework against which to deliver clear and consistent policy”.

The letter continues: “Our businesses are convinced that Britain can and should be a world leader, and that far from being a burden to UK Plc, clear commitment to tackling climate change will open up opportunities for businesses at home and abroad.”

It comes as the Intergovernmental Panel on Climate Change (IPCC) published its latest report, which warned about the effects of global climate change and what is needed to limit them.

UK Green Building Council chief executive Paul King said: “The IPCC has once again warned us that time is not on our side in the global fight against climate change, but that a window of opportunity is still open.

“Businesses firmly understand that investing in and developing the solutions to limit climate change present enormous economic opportunities, but need the support of governments to do so. In the UK, the Climate Change Act provides that support, setting the direction of travel businesses know they must move toward in order to reap these benefits.”

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