Over 150 business leaders and investors urge european leaders to set higher emission reduction targets for 2030) Over 150 business leaders and investors urge european leaders to set higher emission reduction targets for 2030)

Over 150 business leaders and investors urge european leaders to set higher emission reduction targets for 2030

2020-09-17

A total of 157 European companies, investors and business networks have called on European leaders to endorse the ambition set out in the European Green Pact and reduce greenhouse gas emissions by at least 55% by 2030.

Just one day before European Commissioner Ursula von der Leyen's annual State of the Union address, more than 150 large companies, investors and business networks have called in an open letter on EU leaders to support the ambition set out in the European Green Pact and reduce greenhouse gas emissions by at least 55% by 2030.

The signatories of the letter urgently need to see "an ambitious implementation of the recovery package focused on achieving a green and digital transition, with the European Green Deal at its core and a high target for short-term emission reductions. This initiative is being led by the European Corporate Leaders Group (CLG Europe), a cross-sector group of European companies working towards climate neutrality. It aims to address the impacts of the coronavirus pandemic and lay the foundation for a more climate-resilient economic recovery. In Spain, it was supported by the Spanish Grupo Español para el Crecimiento Verde and the signing of Spanish companies such as Acciona, Ferrovial, Iberdrola and Teimas, among others.