Speaking at the launch of the London Climate Change Service Providers Group, a 70-member strong trading association whose members help businesses conform to European and Kyoto Protocol regulations, Morley said tackling climate change provides a “very real and concrete opportunity for business.”

“It’s wrong to think tackling climate change is costly, a drag on the economy,” he said. “There will be a cost but there are rewards which will flow from a successful shift to a low carbon economy