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Election Result Implications for Sustainability

Jones Lang LaSalle Reaction to the 2010 General Election Result

London, 13th May 2010 –  Commenting on the General Election result and sustianbility in the property sector, Alex Edds, Associate Director within Jones Lang LaSalle’s Sustainability Services team, said: “Sustainability and more specifically environmental issues, haven't factored heavily as political hot potatoes in the pre-election debates or post-election negotiations. Is this a good thing? Well yes in theory because all the parties were fairly aligned with their policies and agreed on the task ahead of creating a low carbon economy. What we now look for from this new coalition government and the appointment of Chris Huhne as Energy & Climate Change minister, is that this task is clearly mapped out and appropriate and articulate policies are put in place.”
Alex continued: “Clearly there were some differences between the Liberals and Conservatives' individual policies on environmental matters, particularly the source and production of electricity - with conservatives pro-nuclear and Liberals anti. Today's announcements confirms new nuclear power plants will be given the green light subject to certain conditions being met, and new coal power stations will only go ahead if they meet carbon emission standards. Both parties are in agreement to considerably expand energy from waste and local small scale power generation, and they will mandate a national network of charging points for recharging electric and hybrid vehicles.”
Alex concluded: “For those wondering whether some of the recent Labour legislation for the built environment such as the CRC Energy Efficiency Scheme, EPCs and the potential for DECs in the future will all be scrapped....the short answer is very unlikely. The previous UK government signed into law national carbon reduction targets running up to 2050, involving 5 year carbon budgets to keep us on track. If the new coalition were to scrap all the tools, initiatives and policies set up to help ensure achievement of these targets, this would simply leave a gaping hole in the country's carbon budgets, matching the one in our finances. This is not to say that some environmental policies may not be amended, and that is presumably what Cameron and Clegg's ministers and advisors will be mulling over in the coming days and weeks.”