Businesses support tougher emissions targets by EU - report

 

High-profile business leaders from household names across Europe have urged ministers to push for tougher emissions targets.

In a letter to the Financial Times, chairmen and chief executives from 27 companies wrote in support of British Energy Minister Chris Huhne's efforts to persuade the EU to cut greenhouse gas emissions by 30 percent by 2020.

The companies include Vodafone, Asda and Lloyds Banking Group.

The newspaper quoted Truett Tate, group executive director at Lloyds, as saying the 30 percent goal will enable "European businesses to seize the commercial opportunities in a way that will secure competitive advantage and support economic recovery".

Ministers from Britain, Germany and France last week called on the EU to raise its emissions targets if it is to compete with the likes of China, Japan or the United States.