May 2012 – The UK Government and The Prince of Wales's Corporate Leaders Group on Climate Change (UK CLG) both stand committed to reducing carbon emissions and supporting a rapid transition to a low-carbon economy. The Climate Change Act (2008) - a world-leading piece of legislation - has created a binding, legal pathway
of emissions reductions, driving the decarbonisation of large parts of the UK economy. To follow this pathway and deliver on these goals there needs to be a dramatic increase in the supply of affordable low-carbon goods and services.
The CLG and the Department for Business, Innovation and Skills (BIS) have joined forces to bring together major public and private sector customers in Procurement Compacts for new, 'low to zero carbon' goods and services. These Compacts demonstrate to potential suppliers that there is a substantial and organised market demand for cost-effective, low carbon transport and catering, and for heat and power from renewable biomethane. By sending a clear direction of travel message to suppliers and by demonstrating real demand, this joint public–private sector initiative aims to create market opportunities for innovating companies and help to generate growth and jobs in the low carbon economy.
