"The Economics of Climate Change" by Rt Hon Chris Huhne MP

Speech to the Corporate Leaders’ Group, London 29 June 2011

logo-deccLondon, UK — Wednesday, UK Energy and Climate Change Secretary Chris Huhne gave the first of a series of speeches stating the three central compelling arguments for national and global action on climate change: the economic case, the geopolitical case and the scientific case.

Speaking to the Prince of Wales’s UK Corporate Leaders’ Group in London, Mr Huhne said that the UK urgently needs to kick its addiction to fossil fuels and kick-start investment in new nuclear, renewables and clean coal or risk falling behind as countries around the world, including the US and China, race to develop clean energy.

Mr Huhne said: “Some countries already have a head start. Electricity prices in France are set to rise by just 3% this year. Compare and contrast with Britain, where prices are rising by three times as much. It is no surprise that France is the European country with the least reliance on fossil fuels, and enjoys some of the lowest prices – 9.4 per cent below ours. We have a long way to go. But every long journey begins with a first step.”

The full speech is available on the Department of Energy and Climate Change (DECC) website www.decc.gov.uk/en/content/cms/news/ec_cc_ch/ec_cc_ch.aspx

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