Net Zero Festival: The economic case for a net zero industrial revolution

BusinessGreen staff
clock • 1 min read

VIDEO: CBI's chief economist Rain Newton-Smith explains why the net zero transition is inevitable, desirable, and affordable

Rain Newton-Smith is chief economist at Britain's biggest business group the Confederation of British Industry (CBI), which speaks on behalf of around 190,000 companies collectively employing almost seven million people.

With a career that has taken in spells at the Bank of England's Monetary Policy Committee, the International Monetary Fund and Oxford Economics, Newton-Smith is one of the country's leading economic experts, and since joining the CBI, one of her core focuses has been on the transition to a net zero, sustainable economy.

At BusinessGreen's Net Zero Festival last week, Newton-Smith set out the economic case for net zero in the UK - the necessity, benefits and challenges - and argued the transition is not only desireable and inevitable, but also, crucially, affordable. Her keynote speech, and the interview which followed with the BBC's energy and environment analyst Roger Harrabin, can be watched in full above.

All of the panel debates, keynote speeches, and presentations from the Net Zero Festival - which took place over three days from 29 September 2021 featuring hundreds of top speakers from business, politics and academia - are now available to watch again on demand by signing up for free on the Net Zero Festival website.

 

 

 

More on Policy

'British electricity cannot remain a competitive disadvantage': Why demands are growing for bolder energy market reforms

'British electricity cannot remain a competitive disadvantage': Why demands are growing for bolder energy market reforms

With the economic outlook for this winter looking increasingly challenging, business groups are ramping up long-standing calls for targeted action to tackle energy costs and accelerate electrification

Michael Holder
clock 18 September 2026 • 9 min read
'A giant step backward': Trump administration axes limits on coal and gas power plant pollution

'A giant step backward': Trump administration axes limits on coal and gas power plant pollution

Environmental groups condemn 'major retreat', as EPA rolls back standards designed to curb pollution from the power sector

Stuart Stone
clock 15 September 2026 • 4 min read
The 'valley of death' for UK cleantech urgently needs fixing

The 'valley of death' for UK cleantech urgently needs fixing

Cleantech companies are key to reindustrialising Britain - the government should support them at the upcoming Budget, writes Cleantech for UK director Sarah Mackintosh

Sarah Mackintosh, Cleantech for UK
clock 15 September 2026 • 5 min read