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UK a world leader in addressing climate change

What was once described as the UKs invisible industry is now getting the recognition it deserves as it begins to make a global impact.

This is the view of UK Forum for Environmental Industries chair Jackie Seddon who was speaking at the launch of a paper which highlighted this country as a world leader in addressing issues surrounding climate change and environmental degradation.

She said: Lord Sainsbury once said of the environmental sector we are the invisible industry. But it is now a $700 billion global market comparable to aerospace, meaning it is big business.

Around 90% of companies employ less than 50 people, but offer a high level of technology. But they cant get into the global market without help. Therefore, sharing best practice is going to be very beneficial.

The paper is entitled The UK: a world leader in environmental solutions and is a business led review conducted by the UK Trade and Investment Environmental Sector Advisory Group.

It highlights how our education system is a leader in environmental science and how the UK has a market friendly regulatory system including a much admired renewable obligation.

The City of London is also the world leader in financing international environmental projects via the Clean Development Mechanism that enables companies to undertake projects in developing countries without a Kyoto target.

Launching the report, minister of state for trade, investment and foreign affairs Ian McCartney said: The challenge of climate change is rising up the political agenda. Britain is taking a lead in diplomatic efforts to secure international action to tackle the problem.

This report confirms that our political drive is matched by the determination of British business to lead the world in the technological response to climate change.

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