The letter, co-ordinated by the Aldersgate Group, argues that the move will stimulate investment and revitalise the UK's ageing energy infrastructure.
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George Osborne will address the Conservative party conference this week and his aides have made clear that he is against a 2030 target on carbon; last year he fought successfully to have the UK's carbon targets for the 2020s reviewed.
Osborne also supports a new "dash for gas" - the construction of around 20 new gas-fired power stations, which could raise emissions and severely limit investment in renewable energy.
The letter also highlights a warning from the Committee on Climate Change that the widespread use of gas-fired generation without carbon capture and storage after 2030 could violate the government's own commitments on carbon reduction.
(CD)
