European businesses call for more ambitious emissions cuts
Europe has the chance to regain its place as a global climate leader, by increasing its carbon reduction target. This would be good for the economy, increase energy security, and decrease climate risk. Across Europe, major businesses are calling for the EU to step up and increase its climate ambition. The Joint Business Declaration below has been signed by 72 major European businesses.
Increasing Europe's climate ambition will be good for the EU economy and jobs
Business welcomes the strong public endorsement given to the 30% greenhouse gas reduction target by Denmark, France, Germany, Greece, Portugal, Spain, Sweden and the UK. Moving to a 30% emissions reduction target by 2020 is a win-win-win for Europe. As well as the numerous economic and social benefits of cutting greenhouse gas emissions, it will spur innovation and investment thus creating millions of new jobs in a low carbon economy.
Businesses call for the EU to prepare to increase its greenhouse gas reduction target to 30% by 2020 to drive low carbon investment:
- Climate action will boost economic growth and create new jobs
- The EU needs the right policies to maintain its leadership and competitiveness in the global low carbon economy
- The EU must ensure energy security through greater low carbon energy investments
- The EU needs to invest now for tomorrow’s technology and infrastructure to avoid high carbon ‘lock-in’ and the financial risk of needing to engineer a rapid shift away from such stranded assets
- The recession has made emissions cuts easier and cheaper but market incentives are required to spur action
- ‘Carbon leakage’ should be evaluated and concerns addressed based on real facts and data about competitiveness
The following businesses have explicitly supported this Joint Declaration so far:
Acciona, Adolfo Dominguez, Allianz, Alpro, Arjowiggins graphic, Arkadin, ASDA, Atkins, Aviva, Aviva Investors, Barilla, Better Place, BNP Paribas, Boralex, BSH Bosch Siemens Hausgeraete, British Telecom, BSkyB, Capgemini, Carrefour, Centrica, Climate Change Capital, The Coca-Cola Company, Coca-Cola Enterprises, Coca-Cola Hellenic, Crédit Agricole, Danfoss, Danone, DHV Group, DONG Energy, Electrolux, Elopak, Eneco, Eurostar, F&C Asset Management, Ferrero, First Solar, Google, H&M, If P&C Insurance Company Ltd, IKEA, InterfaceFLOR, John Lewis Partnership, Johnson Controls Inc, Kingfisher, Lafuma, Mango, Marks and Spencer, National Grid, Nestlé, Nike, Nokia Siemens Networks, Novo Nordisk, Philips, PUMA, Rockwool, RSA, Scottish and Southern Energy, SKAI Group of Companies, Sony Europe, Standard Life, Sveaskog, Swiss Re, Thames Water, The Co-operative Group, Tryg, Unicredit, Unilever, United Biscuits, Velux, Vestas, Vodafone and WSP Group.
The Joint Business Declaration has been organised by WWF, The Climate Group and the Cambridge Programme for Sustainability Leadership.
If your company would like to sign up to the Joint Business Declaration, please contact Bronwen Smith-Thomas for more information.