City partners urge local businesses to invest in the future of the city

Ian Mean
Director of Business West Gloucestershire | Business West
22nd October 2021

Decarbonising Bristol’s economy will involve an investment of £9.2 billion of private and public finance in the city to get to Net Zero by 2030.

The call from Mayor Marvin Rees and James Durie, Executive Director, Business West comes ahead of the regional COP26 Green Zone event “The Business of Net Zero” hosted by Bristol City Council, Bristol One City Office, West of England Combined Authority, the Future Leap Network with Business West in partnership with Business in the Community, SevernNet and Action Net Zero.

James Durie said: “We believe there is something like a £9.2 billion total business opportunity created by climate change for our companies. It presents us with one of the biggest opportunities since the coming of the railways.

“Everything we do in business is going to be different, and over the next ten to twenty years, we are going to revolutionise the way our economy works through climate change.

“I think that Net Zero is a win, win, win situation for all our businesses large and small but that we must all help locally based companies and employers of all types and sizes to move towards and achieve it.”

Mayor Marvin Rees will travel straight from COP26 in Glasgow to address local businesses on Thursday 4th November at the regional Green Zone event at We the Curious on Bristol Harbourside.

The Mayor said: “We’d like business to come to the regional Green Zone event and tell us what they are doing to get to Net Zero.

“Bristol’s climate strategy established a framework for how the city will become carbon neutral by 2030, based around ten themes, including the role businesses must play in achieving the city’s goals.

“Those objectives are for all businesses and organisations in Bristol to aim for Net Zero by 2030, and for Bristol to build on its leadership position, attracting businesses at the forefront of the green industrial revolution, developing an innovation cluster and providing access to these jobs to a diverse group of citizens.

“One of the themes I will be talking about at COP26 in Glasgow will be how to mobilise public and private finance flows at scale. In the absence of adequate government funding, we need to make a start and get things done.”

Companies can attend The Business of Net Zero, regional COP26 Green Zone event, which is free of charge, on 4th November (12.00-17.00) either face to face at We the Curious or virtually online.

To attend, businesses must register:

The afternoon interactive event with break-out sessions will offer companies the opportunity to discuss:

• What has happened at COP26 so far and how this will change the business landscape

• What every business will need to know to take action on climate change

• What is happening in our region to accelerate the transition to Net Zero

• Where businesses can get help

• Breakout tables with an expert host where business can talk through best practice, ideas and where to start

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  • Trading to Net Zero

    How business acts now will shape our planet and communities for centuries to come. Business West is commited to safeguarding the environment and addressing the climate crisis.

  • The West of England Initiative

    Provides an effective link between private and public sectors to ensure the interests of commerce are considered in key decision making.