The CBI Call For Carbon Permits And Energy Efficiency

Today marks the opening of the UN Copenhagen Climate Change Conference, and the Confederation of British Industry (CBI) called on other countries to adhere to carbon emissions reduction target schemes, in order to help fight global warming.

The CBI believe that emission cutting measures along with protocols allowing businesses to purchase permits for carbon should be the fundamentals of the global carbon market.

CBI's deputy director-general, Mr. John Cridland, thinks that UK businesses have a strong interest in a successful outcome at the climate summit:

‘After all, it will be business that delivers the new infrastructure and develops the products and services needed for the shift to a low-carbon economy '...' First, we want all nations to deliver a strong commitment to reducing emissions at Copenhagen. Second, the foundations should be laid for a global market for carbon, by developing schemes that cap emissions and create a market for trading in carbon permits.’

Mr. Cridland believes that making it mandatory for polluting businesses to pay more, for a smaller number of available permits, will encourage business owners to invest in energy efficiency and green technologies.

Cridland declared that the CBI is also hoping for a broad agreement that richer nations will contribute financially in helping poorer countries move to a low-carbon economy.

Overall the CBI promote the concept of more expensive carbon permits, aiming to encourage businesses to implement energy saving systems in their premises so as to reduce their carbon footprint and contribute to tackling climate change.

Monday 7th December 2009


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