In a letter to the Financial Times published last week, 27 CEOs of major companies, including some of the biggest EU manufacturers, called for a deepening of the current commitment in terms of GHG reduction by the European Union. Shifting to a 30% target would ensure that the right economic signals are sent to companies in order to shift investment towards low-carbon technologies and products. This letter comes as a response to another article published by the hands of the French, German and British environment ministers and published last week that also called for moving to a 30% reduction target.

Climate Policy News

• This news is extracted from the Climate Policy News : a CMCC weekly column that summarises the latest news on international climate change agreements, the updates on the carbon market and the energy and technology updates in the realm of climate change. Go to the web page and see all previous issues since March 2007.
• This week: EU companies support 30% reduction target; China to launch national carbon trading; UNFCCC’s plan B; US can do it… even without a bill; The carbon market this week – Download the July 19-25, 2010 Newsletter [99 Kb].