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Businesses back a low-carbon Europe - 72 companies sign call for 30% climate target
posted by Michael on 15th Jun 2011

The voice of progressive business in Europe grows stronger. Europe's future is high efficiency and low-carbon, and to get there we need to embrace the right policies now - including a higher target for emissions cuts.

Today 72 major businesses sent a letter to politicians to tell them this.

The noisy few from carbon-intensive sectors like steel and cement, who talk up the risks of action and ignore the benefits, seem ever more isolated.

Here's the WWF press release:

Today 72 leading businesses came out openly in support of a credible European climate policy framework, backing a joint initiative by the Climate Group, the Cambridge Programme for Sustainability Leadership and WWF. The companies call on the EU to adopt a 30% emissions reduction target by 2020 below 1990 levels, to preserve the European Union’s competitiveness, and build a low-carbon economy.

Together, the signatories of the call account for more than 3.8 million employees with an annual turnover of more than €1 trillion, a sum superior to the combined GDPs of Poland, Sweden and Austria. The companies all agree that the many benefits of a swift transition to the low-carbon economy outweigh the costs of emissions reductions.

Tony Long, Director, WWF European Policy Office said: "All of these companies demonstrate that business rationales on climate are evolving - a stronger policy framework is in their interest because of the investments and opportunities it can unlock. Retaining an EU 20% target would simply perpetuate a cycle of low ambition that will inevitably lead to dangerous climate change. Given the 30% target is a no-regrets position for Europe economically, it is logical to move to it now."

The following businesses have explicitly supported this 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, Coca-Cola Enterprises, The Coca-Cola Company, 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, WSP Group.

Go to WWF webpage

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