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Transcripts for BBCNEWS Talking Business 20240604 02:37:00

it has brought in and grown industries and brought supply chains to the uk to help the transition. i think there is a risk in the short term if the uk is not able to clarify the policy situation, to improve the regulatory situation in the uk and, yes, to keep providing public investment that leverages that, that it will get left behind and squeezed in between the eu and us. it is clearly a very valuable industry. net zero is very valuable to the uk economy. recent calculations showed it is worth 70 billion a year and employs 840,000 people. that is something like five times what the oil and gas industry employs in the uk, so it is worth fighting for. it is worth investing in and it is cheaper to invest in it than to bear the costs of not making that transition fast enough. how long do these

Transcripts for BBCNEWS Talking Business 20240604 01:37:00

the uk has led the way before on investment in climate changed. it has moved markets. it has brought in and grown industries and brought supply chains to the uk to help the transition. i think there is a risk in the short term if the uk is not able to clarify the policy situation, to improve the regulatory situation in the uk and to keep providing public investment that leverages that, that it will get left behind and squeezed in between the eu and us. it is clearly a very valuable industry. net zero is very valuable to the uk economy. recent calculations showed it is worth 70 billion a year and employs 840,000 people. that is something like five times what the oil and gas industry employs in the uk, so it is worth fighting for. it is worth investing in and it is cheaper to invest in it than to bear the costs of not making that transition fast enough.

Transcripts for BBCNEWS Talking Business 20240604 13:36:00

what we are seeing are this big blocs coming together. the us, eu, china is doing its own thing and it s way out front. i wonder where it leaves other smaller players, including in that the uk. it has left the european union. where does it leave anyone who maybe doesn t have as deep pockets? i think overall, it puts us globally in a very good situation. we ve got some of the biggest economies on the planet competing to fund the clean transition that the science is very clear we need to get on track for 1.5 degrees. the uk has led the way before on investment in climate changed. it has moved markets. it has brought in and grown industries and brought supply chains to the uk to help the transition. i think there is a risk in the short term if the uk is not able to clarify the policy situation, to improve the regulatory situation in the uk and, yes, to keep providing public investment

Transcripts for BBCNEWS Talking Business 20240604 15:37:00

other smaller players. including in that the uk. it has left the european union. where does that anyone who maybe doesn t have as deep pockets? deep pockets? overall, it pits as aloball deep pockets? overall, it pits as globally in deep pockets? overall, it pits as globally in a deep pockets? overall, it pits as globally in a very deep pockets? overall, it pits as globally in a very good deep pockets? overall, it pits as globally in a very good situation. got some of the biggest economies on the planet competing to fund the clean transition that the science is very clear we everyone to get on track for 1.5 degrees. the uk has led the way on investment in climate changed. it has moved markets. it has grown industries and brought supply chains to the uk to help the transition. i think there is a risk in the short term of the uk is not able to clarify the policy situation, to improve the regulatory situation, to improve the regulatory situation in the uk and to keep providing pub

Transcripts for BBCNEWS Talking Business 20240604 22:37:00

the uk has led the way on investment in climate changed. it has moved markets. it has grown industries and brought supply chains to the uk to help the transition. i think there is a risk in the short term if the uk is not able to clarify the policy situation, to improve the regulatory situation in the uk and to keep providing public investment that leverages that, that it will get left behind and squeezed between the eu and us. it is a very valuable industry. net zero is valuable to the uk economy. recent calculations showed it is worth 70 billion a year and employs 840,000 people. that is something like five times what the oil and gas industry employs so it is worth fighting for. it is worth investing in and it is cheaper to invest in it than to bear the costs of not making that transition fast enough.

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