TBI statement on climate

Statement from the Tony Blair Institute on its document ‘The Climate Paradox', published yesterday:

"The TBI report is clear: we must prioritise technologies which capture carbon, place a bigger emphasis on protecting and enhancing nature, and develop new nuclear power, smart grids, and a new system of financing existing renewable solutions in developing economies. The UK government is already pursuing these, and their approach is the right one.

"The report also makes a plea for a different international policy approach which focuses on the global sources of emissions and the additional solutions we are likely to need to meet climate goals. It notes that ongoing domestic decarbonisation efforts in all countries remain vital for reducing emissions and delivering a sustainable future. In the short term - and we emphasise short term - fossil fuels will continue to be a large part of the global energy supply, particularly in developing countries who need to meet the immediate and increasing energy demands of their people as their economies develop.

"The report is clear that we support the government's 2050 net zero targets, to give certainty to the investors and innovators who can develop these new solutions and make them deployable. People support climate action, and it is vital that we keep the public's support for how we do it."