In an open letter to the chancellor George Osbourne, the signatories who include EDF Energy, Marks & Spencer and BT, said: “The government’s perceived commitment to the low-carbon transition is being undermined by recent statements calling for unabated gas in the power sector beyond 2030.”
The letter – co-ordinated by sustainable development lobby group the Aldersgate Group – highlighted the group’s assertion with a reference to a recent report by business leaders’ association CBI which said policy uncertainty could lose the UK £400 million in green exports in 2014/15.
“It is essential for government to provide investors with the long-term confidence they need to transform our electricity market and make investments capable of driving wider economic growth,” said the letter.