More than 80% of businesses are not confident that the UK will meet the ambitions of the Paris climate change agreement, according to a new survey.

The sixth annual infrastructure poll carried out by the Confederation of British Industry (CBI) and consultancy firm Aecom found that companies want a long-term strategy for investment in the energy sector.

The lack of confidence in Britain’s ability to hit its Paris goals highlighted “the need for the UK Government to come forward with a clear and credible plan that works for all businesses”, the CBI said.

Additionally, 59% of infrastructure providers in the energy sector were either “dissatisfied” or “very dissatisfied” with the UK Government’s current energy policy framework, underlines businesses’ concerns that current policies will not deliver the much-needed investment in the UK’s energy system.

Support for storage

While 66% of those surveyed said that they are confident regarding security of supply for the rest of this parliament, just 27% feel that the UK will take steps now to improve the longer-term outlook.

The report said: “With energy storage seen as critical or important by half of respondents, as this technology matures it will play an increasing role in the energy system, as noted in the National Infrastructure Commission’s Smart Power Report.

“It is therefore important that government ensures the right regulatory framework to support its deployment.”

> See the full survey results

Tags