'The shift [to low carbon economy] is irreversible, and will happen… with or without a legal agreement at Copenhagen', Ed Miliband told a group of British businesses at an Aldersgate Group event this week (13 January 2010).

Reflecting on the outcome of Copenhagen, the Energy and Climate secretary told business groups that UK is determined to deliver the changes needed to transition to a low carbon economy. Through finance, investment, technology, R&D jobs, and skills, business is key part of the vital transition.

Mr Miliband was open about the disappointments of Copenhagen, but reflected that the momentum of the Copenhagen deadline had seen the year itself a success. Countries saw Copenhagen as a 'low carbon race they needed to be part of', which prompted them to put numbers on the table previously not anticipated.

'The world moved in the course of the year', Mr Miliband said. 'If a year ago we had said China, India, Mexico, South Africa… America will put a target on the table, all the developed countries… I think people genuinely would have said that was a success.'  Under the Copenhagen Accord (PDF), countries have until January 31 to submit their mitigation targets.

Lord Smith, Chair of the Environment Agency and speaking as a member of the Aldersgate group, asserted business was ready to drive a low carbon future. 'The world of business is still determined that we need to make progress on tackling climate change', he told www.actoncopenhagen.gov.uk

The event, held at the House of Commons, was hosted by Lord Smith of Finsbury and was attended by corporate leaders, parliamentarians and others to discuss Copenhagen outcomes, business opportunities and how business can capitalise on Copenhagen.

Related links

Ed Miliband's Parliamentary statement on Copenhagen