The Monthly Green Index, published by Tandem Bank, shows an improving picture for the UKs transition as more people take action, but pace has slowed, with significant intervention needed.
The firm’s Green Change Tracker continued to improve, with actions up 0.6 points to 109.6 in March, but pace slowed as consumers focus on more immediate priorities.
This slower pace meant the forecasted gap between intentions and action, by October 2024, was 24.5pts – 1.4pts worse than last month and 4.7pts than the start of the year.
This was the third consecutive month the gap deteriorated.
A change of 4.6pts per month was found to be required to close the gap by October 2024, when the next survey will occur.
The gap in the UK’s intention to go green and the action they have taken increased, deteriorating by almost 2pts in a month.
Alex Mollart, chief executive at Tandem Bank, said: “For the third month in a row, the forecasted gap between intentions and action at our next annual survey has deteriorated.
“The good news is that consumers are continuing to take action – but the pace of that action is slowing.
“That’s hardly surprising given immediate pressures on household budgets or changing tack by governments.
“The resignation of the head of the Climate Change Committee, Chris Stark, and his open criticism of the government’s de-prioritisation of climate change is testament to the changing of the goalposts we’ve seen in recent months.
“The UK needs clarity and confidence now, to ensure we remain committed to our pathway to greener lifestyles.”
