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The Low Carbon Economy Ltd

26 Aug 2009 12:08:10

Companies 'should double CO2 reduction'

Companies 'should double CO2 reduction'
Businesses around the globe have been urged to double the speed of CO2 reduction, following the publication of a new report.

The Carbon Disclosure Project (CDP) has released The Carbon Chasm, a study which claims current greenhouse gas cuts are being made too slowly.

If firms carry on at the same pace, the scientifically-recommended level of carbon reductions will not be reached until 2089, by which time climate change would have taken place on a wide scale.

Paul Dickinson, chief executive of the CDP, said that companies around the world should "be far more aggressive if they are to achieve the long-term reductions required".

He added: "This is a time of huge opportunity for businesses to gain competitive advantage by reducing their own impact on the climate and benefit from associated cost savings, as well as sparking major innovation around the production of new, lower carbon products and services."

Long-term reduction targets may be adjusted once the issue is debated at the UN Conference of the Parties meeting in Copenhagen this December.



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