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Major Companies Call on Government to Take Action on Climate Change

June 10, 2015
Environmental Protection

space earthIn a letter to Prime Minister David Cameron, 80 British companies have urged the government to take decisive action on climate change. The signatories, who include energy company EON, major retailers John Lewis and Tesco, as well as telecoms giants BT and Sky, say that action now would create jobs and boost the UK’s competitiveness in global markets.

They warn that a failure to act now could put the economic recovery at risk; under current targets, the UK aims to reduce emissions by at least 80% by 2050 using 1990 as a baseline. The letter calls for ministers to set an ambitious fifth carbon budget from 2028-2032 and to introduce clearer long term policies to encourage investment in low-carbon energy.

David Nussbaum, chief executive of the World Wildlife Fund UK feels that with business backing, the time is right to make significant progress. “British business is ready to step up. From construction and energy to retail, the best British enterprises know that green growth is the future. They take on board that it’s no longer credible to base a sustainable economy on fossil fuels, so the Government should put us on track for a low-carbon world,” He said. Earlier this week leaders of the Group Seven (G7) countries agreed a global target to keep temperature rise below 2oc.