The UK should build new nuclear power stations and scale up carbon capture technology and infrastructure to reach the Government’s target of net-zero greenhouse gas emissions by 2050, according to the CBI.

In a letter to the Secretary of State for Business, Energy and Industrial Strategy, Britain’s largest business group the CBI sets out a series of priorities to decarbonise the UK economy and calls on the Government to use a forthcoming Energy White Paper to give more clarity on its vision.

The priorities include:

• Progressing large-scale nuclear projects and supporting innovative nuclear technologies, such as Small Modular Reactors

• Technology trials to determine the best, localised solutions to fully decarbonise heat in homes, offices and industrial processes

• A clear mix of incentives for consumers and businesses to buy electric and hydrogen-powered vehicles, alongside comprehensive nationwide infrastructure ready for future demand

• Rationalising the tax and business rates system to ensure green energy is encouraged, not penalised

• Hosting COP 26 to showcase to the world the UK’s expertise in green technology and commitment to leading on climate change action.

Rain Newton-Smith, CBI Chief Economist, said, “Business is right behind the need for the UK to have a net-zero economy by 2050 and build on our global leadership in cutting greenhouse gas emissions."

“To deliver the Government’s admirable net-zero policy by 2050, it is mission critical that business, politicians and the public work together to devise and make the necessary changes."

“Firms want to see a whole host of stable, long-term policies enacted – from building new nuclear power stations to scaling-up carbon capture and storage technology and infrastructure – that send markets a robust signal: the UK is open for green business, and is a world leader in tackling climate change."