U.K. Firms Say Recovery Effort Should Align With Climate Goals
(Bloomberg) --
More than 200 U.K. companies have called on Prime Minister Boris Johnson to ensure that policies to speed a recovery from the pandemic align with climate goals.
Tesco Plc, Standard Life Aberdeen Plc and BT Group Plc are among the signatories of a letter asking the premier to strengthen British leadership on environmental matters as the nation prepares to host the United Nations' COP26 climate conference in Glasgow next year, as well as the Group of Seven summit.
@10DowningStreet urging the UK government to set out a clean, inclusive and resilient #covid19 recovery plan https://t.co/tbYOUiYRxc#FutureWeWant #BuildBackBetter #AimForZero@AldersgateGroup @UKGBC @BITC @IIGCCnews
June 1, 2020“Efforts to rescue and repair the economy in response to the current crisis can and should be aligned with the U.K.'s legislated target of net zero emissions by 2050 at the latest,” the companies wrote.
The Prince of Wales's Corporate Leaders Group led the business organizations that coordinated the letter. Last month, companies worth more than $2 trillion called on world leaders to ensure an environmentally friendly recovery from the crisis.
On Friday, Chancellor of the Exchequer Rishi Sunak said that tackling climate change and green industries would “absolutely” play a part in the economic recovery. He said the U.K. could become a world leader in carbon capture and storage technology, which takes pollution out of the air and stores it underground, and he promoted a new fund dedicated to preserving natural capital.
©2020 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
