According to Alok Sharma, businesses must become green faster if they want to thrive.
Businesses must commit to combating climate change, and those who do not move quickly enough risk being left behind, according to a top government.
After the pandemic, the government is keen to “build back greener,” according to Alok Sharma, but it will need industry’s help. “We can only meet targets with business behind us,” said the Cabinet Office minister and president of COP 26, urging businesses to commit to reaching net-zero emissions by 2050 at the earliest. As a result, I’m pushing businesses to join the Race To Zero campaign. The path of travel is clear: the world is turning green, opening up great opportunities for those who get ahead of the curve, while those who don’t move quickly enough will be left behind.”
Mr Sharma asked businesses to switch to renewable energy, replace polluting vehicles with zero-emission vehicles, and commit to eliminating deforestation from supply chains at the Confederation of British Industry’s (CBI) Road To Net-Zero conference yesterday.
The Green Britain Needs You campaign, launched by the Daily Express, is encouraging everyone to do their part.
Tony Danker, director-general of the CBI, believes that in addressing the “seismic” threat of climate change, “we are way off track.”
The warning comes months before the United Nations’ climate change summit, known as COP 26, which will be held in Glasgow in November.
“Failure has no place in the world,” Mr Danker remarked. The climate crisis is getting worse. As co-hosts of the COP, the UK must do in Glasgow what past COPs have failed to do. Yes, we must strengthen global aspirations, but we must also push even harder than before to make this the most daring year of net-zero action yet.”
Mr Danker urged ministers to use new recommendations on heating and transportation to assist the private sector unlock its resources.
The government aims to achieve net-zero emissions by 2050 and a 78 percent reduction in emissions by the middle of the next decade.
The Treasury announced Wednesday that projects must be “nature positive,” meaning that they must improve the environment.
It backed a powerful analysis by Cambridge University economist Sir Partha Dasgupta, who said that nature sustains economies, lives, and well-being, published in February.
The Treasury responded that a clause in the Environment Bill currently being debated in Parliament will ensure that infrastructure developments, such as energy pipelines and transportation routes, deliver “a net gain in biodiversity and wildlife habitats.”
This could signify a variety of things. “Brinkwire News in Condensed Form.”