Read the policy briefing here.
Context and background
The UK is in the midst of dual crises, with a cost-of-living crisis adding to the climate crisis. Both of these crises disproportionately affect the poorest and most vulnerable in society, who also have fewest resources to cope with changing circumstances. It is vital we tackle both crises with the urgency they require. Policy measures to address the cost-of-living crisis can be just as, if not more, effective when designed to align with the UK’s net zero target. An aligned approach to addressing the cost of living crisis and decarbonisation challenge could create win-wins for the UK economy.
To examine what a cost of living crisis policy package that supports decarbonisation could look like, the UK Corporate Leaders Group (CLG UK) commissioned Cambridge Econometrics to undertake a modelling exercise. Our evidence indicates that policies that align with the net zero target generate more favourable economic outcomes than other types of cost-of-living support policy packages, in addition to being more progressive through primarily benefitting the lowest income households most.
As part of London Climate Action Week, this high-level webinar formally launched the UK Corporate Leaders Group's latest policy briefing ‘The Best of Both Worlds: How tackling cost of living and decarbonisation creates win-wins for the UK economy’ and explored the recommendations within the report.
Speakers included:
- Eliot Whittington (Chair), Director, Corporate Leaders Groups
- Beverley Cornaby, Programme Director, UK Corporate Leaders Group
- Makreeta Lahti, Head of Strategy & Sustainability, EDF Energy
- Neil Freshwater, Public Affairs Manager, VELUX
- Louise Shooter, Policy Manager, Energy UK
London Climate Action Week
London Climate Action Week (LCAW2022), 25 June – 03 July, is one of the world’s largest independent climate change events which connects businesses, politicians, NGOs, and civil society to create cutting-edge solutions to the climate emergency.
Founded in 2019, showcases London as the leading example of how the whole of society can together shape and drive climate action. This year, events will focus on delivering on the outcomes of COP26 in times of crisis and global recovery and working with African partners to support global diplomatic efforts toward a successful COP27.
