{"id":248800,"date":"2023-09-06T08:44:41","date_gmt":"2023-09-06T08:44:41","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=248800"},"modified":"2023-09-06T08:45:34","modified_gmt":"2023-09-06T08:45:34","slug":"companies-call-on-eu-to-pursue-90-greenhouse-gas-reduction","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/companies-call-on-eu-to-pursue-90-greenhouse-gas-reduction\/","title":{"rendered":"Companies Call on EU to Pursue 90% Greenhouse Gas Reduction"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/www.bnreport.com\/en\/\"><strong>BNR<\/strong> <\/a>&#8211; Prominent European corporations are urging the European Union to cut its greenhouse gas emissions by 90% by 2040.<\/p>\n<p style=\"text-align: justify;\">Among the European corporations are the industry giants Coca-Cola Europe, Unilever, and Velux.<\/p>\n<h1 style=\"text-align: justify;\"><strong>Aims to Prevent Irreversible Damage<\/strong><\/h1>\n<p style=\"text-align: justify;\">These corporations emphasise that such a target is essential to prevent the world from crossing irreversible points. Additionally, they propose that the EU\u2019s emission reduction goal should be benchmarked against 1990 levels.<\/p>\n<p style=\"text-align: justify;\">This resounding appeal, in a report by CLG Europe, aligns with a net-zero emissions goal by companies like Coca-Cola and GSK.<\/p>\n<p style=\"text-align: justify;\">It also coincides with the EU\u2019s impending deadline, set for June 2024, to formally announce its climate target.<\/p>\n<p style=\"text-align: justify;\">The CLG report offers a ten-principle roadmap for the EU to achieve this challenging but crucial 2040 objective.<\/p>\n<p style=\"text-align: justify;\">The suggested strategies encompass expediting the transition to electrification while phasing out fossil fuels. This will modify climate and nature-focused budgets at both EU and national levels, and include sustainability into the EU\u2019s policies.<\/p>\n<p style=\"text-align: justify;\">Moreover, it affirms the urgent need to reduce emissions from the building sector and adopt new approaches to carbon removal.<\/p>\n<h2 style=\"text-align: justify;\"><strong>EU: Leader in Greenhouse Gas Reduction<\/strong><\/h2>\n<p style=\"text-align: justify;\">Advocates of the 90% reduction target argue that it positions the EU as a leader in climate ambition. It further aligns the bloc more closely with the objectives outlined in the <a href=\"https:\/\/unfccc.int\/process-and-meetings\/the-paris-agreement\">Paris Agreement<\/a>.<\/p>\n<p style=\"text-align: justify;\">Tim Christophersen, Vice President of Climate Action at Salesforce, emphasised the significance of this goal.<\/p>\n<p style=\"text-align: justify;\">\u201cIn setting a 2040 target, the EU can provide much-needed leadership and give clear market and policy signals for climate action,\u201d he said. \u201cWe welcome a target that reflects the speed, urgency and benefits of near-term action, for people, the climate and nature\u201d<\/p>\n<p style=\"text-align: justify;\">In response, the European Commission stressed that it\u2019s premature to speculate on specific emission reduction levels for 2040.<\/p>\n<p style=\"text-align: justify;\">Nevertheless, it reaffirmed the EU\u2019s dedication to climate action, as enshrined in existing emissions reduction targets.<\/p>\n<p style=\"text-align: justify;\">Furthermore, the spokesperson for the European Commission asserted the significance of the EU Green Deal as Europe\u2019s growth strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNR &#8211; Prominent European corporations are urging the European Union to cut its greenhouse gas emissions by 90% by 2040. Among the European corporations are the industry giants Coca-Cola Europe, Unilever, and Velux. Aims to Prevent Irreversible Damage These corporations emphasise that such a target is essential to prevent the world from crossing irreversible points. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":248804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[11868,968,278,12494,12493,11662,12495],"class_list":["post-248800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-coca-cola","tag-eu","tag-featured","tag-green-deal","tag-greenhouse-gas","tag-net-zero","tag-paris-agreement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Companies Call on EU to Pursue 90% Greenhouse Gas Reduction - Business News Report<\/title>\n<meta name=\"description\" content=\"BNR - Prominent European corporations, are urging the European Union to cut its greenhouse gas emissions by 90% by 2040.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/companies-call-on-eu-to-pursue-90-greenhouse-gas-reduction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Companies Call on EU to Pursue 90% Greenhouse Gas Reduction - 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