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The Low Carbon Economy Ltd

16 Jun 2011 10:06:09

European companies call for 30% CO2 emissions cut

European companies call for 30% CO2 emissions cut
More than 70 European companies have put their names to a declaration calling on the EU to up its 2020 CO2 reduction target.

In total, 72 firms have signed the declaration to move from a 20 percent cut to a 30 percent cut by the end of the decade. Collectively, the firms have an annual turnover of €1 trillion (£874 billion) and boast over 3.8 million employees.

The announcement comes as the EU Environment Council prepares to hold a vote on increasing the current target on June 21st.

Keith Allott, Head of Climate Change at WWF-UK, said: "Sticking with the current EU 20 percent target would simply perpetuate a cycle of low ambition that will inevitably lead to dangerous climate change.

"The 30 percent target is a no-regrets position for Europe’s economy, and it is logical to move to it now."

In response, energy and climate change secretary Chris Huhne said he fears the current lack of movement from the EU on the issue could damage the growth of some companies on the continent.  ADNFCR-1235-ID-800580874-ADNFCR

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