Our response to the Shadow Business Secretary's speech

Josh Hardie, CBI Deputy Director-General, said:

“Business is completely behind the transition to a net-zero economy by 2050.

“To meet this target we must have ambitious policy. Investing in our electric car industry and new charging infrastructure, while supporting people and businesses with the move to low-emission vehicles, is exactly what we need.

“Business is at the heart of the transition. It has already helped drive forward record breaking levels of renewable energy and is on course to deliver subsidy-free offshore wind power in the 2020s.

“However, in the push to reach net-zero as fast and as cost-effectively as possible, renationalisation will hugely disrupt the investment needed in the energy sector to de-carbonise. The Labour Party needs to work with business to make the transition a success.”