The CBI has told the Government that it needs to deliver key energy and planning reforms within six months
The CBI, the UK’s top business lobbying organisation, has told the Government that it needs to deliver key energy and planning reforms within six months or risk undermining emissions targets and energy security.
The £150bn of private sector investment in low-carbon infrastructure will fail to materialise if this planning uncertainty continues to scare away already wary investors.
The Government has announced it will abolish the Infrastructure Planning Commission (IPC) and replace it with a Major Infrastructure Unit with decision-making powers returned to ministers.
John Cridland, CBI Deputy Director-General, said: “The Government’s first few months in office have been rightly dominated by sorting out the fiscal deficit, but it must not let the timetable for energy and planning reform slip any further. Energy companies are unable to get the ball rolling on new infrastructure projects when it is unclear how the future planning regime will work.”
By the end of February 2011, the CBI wants the Government to have:
• secured Royal Assent on a Decentralisation and Localism Bill that contains a coherent structure for major energy infrastructure planning
• completed the second consultation on Energy National Policy Statements on Energy Infrastructure
• determined all outstanding Section 36 planning applications left from the pre-IPC system
• pressed ahead with preparation for new nuclear, including deciding details of funded decommissioning and waste disposal agreements.
For the full list, read the CBI report: No time to lose: Deciding Britain’s energy future.