Speaking to leaders of industry at the Low Carbon Industrial Summit today, Lord Mandelson said the UK was on the edge of a low carbon industrial revolution. He said that the shift to low carbon offered huge opportunities to green the economic recovery and create green jobs.
Government plans are about how the UK has to look in a decades time, he said.
It is about a transformative shift in our economy, and the industrial and business opportunities that will come with that if we equip the UK to compete for them.
This transition to low carbon is an environmental or economic imperative. It is also inevitable. There is no high carbon future. We've regulated in the UK to make it inevitable through carbon targets, vehicle emissions targets and renewables targets.
What's not inevitable is that the UK will capture the full industrial and business benefits of this shift - here, and around the world. That will have to be something we pursue as policy. That's what today is about.
The UK needs to build on its position as one of the world s most competitive producers of low carbon technologies and services, Mandelson said. He also highlighted the potential doubling of the £3 trillion global green industry.
Four key areas of focus will be:
* Energy efficiency to save businesses, consumers and the public services money
* Putting in place the energy infrastructure for the UKs low carbon future in renewables, nuclear, Carbon Capture and Storage and a smart grid
* Making the UK a global leader in the development and production of low carbon vehicles
* Ensuring our skills, infrastructure, procurement, research and development, demonstration and deployment policies make the UK the best place to locate and develop a low carbon business and make sure international business recognises that.