Connect with us

Hi, what are you looking for?

Commodities & Futures

UK climate tsar urges companies to join ‘Race to Zero’ campaign

Commodities45 minutes ago (Jun 03, 2021 12:25PM ET)

(C) Reuters. FILE PHOTO: COP26 President Alok Sharma attends an event at Whitelee Windfarm, just outside Glasgow, Scotland, Britain, May 14, 2021. REUTERS/Russell Cheyne/Pool/File Photo

By Simon Jessop

LONDON (Reuters) – Britain’s climate tsar on Thursday urged companies to join the United Nations’ “Race to Zero” campaign and commit to science-based emissions-reduction targets, ahead of global climate talks in November.

Speaking at the Reuters Responsible Business 2021 conference, Alok Sharma, president of the United Nations’ next round of talks, COP26, said moves from companies could prompt governments to take firmer action themselves.

“To make bold commitments, governments need to know that they will be welcomed and not resisted by business, so we’re urging all companies and all investors to join the race to zero campaign ahead of COP26,” he said.

COP26 will be held in the Scottish city of Glasgow from Nov. 1 to 12.

The Race to Zero campaign brings together a coalition of net zero initiatives from across the world under one umbrella, aiming to accelerate action heading into COP26.

Representing 708 cities, 24 regions, 2,360 businesses, 163 investors and 624 higher education institutions, its members cover 25% of the world’s CO2 emissions, the campaign website showed. Sharma told delegates net zero pledges now cover more than 70% of the world’s economy.

By joining the initiative, which Sharma called “a gold standard”, businesses would commit to reach net zero emissions across their operations by 2050 at the latest, using science-based targets.

“These are robust and rigorous targets based on the science that show net zero is not some vague aspiration for a distant point in the future but a concrete plan for the here and now.”

“We’re at a critical point in the fight against climate change. A climate action that is not in line with the Paris agreement is simply not enough,” Sharma said.

With more countries joining the net zero campaign, businesses would ultimately have to shift to greener practices or “fade away”, he added.

“Joining race to zero ahead of COP26 can keep you ahead of the curve and being part of this campaign can save you money by encouraging you to work more efficiently.”

For more on the Reuters Responsible Business 2021 conference please click https://www.reutersevents.com/events/rbs/conference-agenda.php

UK climate tsar urges companies to join ‘Race to Zero’ campaign

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Stock

Stock Markets25 minutes ago (Jul 16, 2021 05:46PM ET) (C) Reuters. FILE PHOTO: Johnson & Johnson’s Neutrogena Cool Dry Sport sunscreen, which is part...

Tech

Builders, creators and developers, this one’s for you! TechCrunch has always been about discovering fresh solutions and shining the light on exciting, new products...

Disclaimer: Wisegazette.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Wise Gazette. All Rights Reserved