Fourteen British companies are demanding that the UK Government push for tougher emissions limits in the second round of the Kyoto process, the second phase of the EU Emissions Trading Scheme (ETS).
The group, known as the Corporate Leaders Group on Climate Change, includes oil company Shell, consumer goods company Unilever and teleco Vodafone.
They believe that tougher targets will drive investment, putting the UK ahead in low-carbon technologies such as hydrogen storage, wave and tidal power, and carbon finance. "We need EU governments to set clear targets for the ETS out to 2025 so that our businesses and others can have the confidence to make long-term investments in reducing emissions," said Shell's chairman James Smith. Green groups welcomed the call.
"This is exactly what is needed if we are to tackle climate change and ensure that the British economy reaps the rewards of going green," said Friends of the Earth director Tony Juniper.
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