The energy crisis is undermining the UK’s net zero climate plans as firms slam the brakes on vital CO2-cutting investments to pay soaring bills, business leaders are warning.
Bosses are preparing to halt switching to lower-energy plants and machinery, buying electric vehicles and installing wind turbines or solar panels, the Confederation of British Industry says.
No fewer than three in 10 firms told a new CBI survey that such spending will be “paused or halted entirely” unless the new government acts to cut industry costs dramatically.
