IIGCC has signed on to a letter along with over 100 investors, business, and investor and business networks and associations urging EU leaders to endorse a greenhouse gas emissions reduction target of at least 90% by 2040.
The letter strongly urges the Environment and Climate ministers of the European Union to adopt a robust target which will boost the resilience of the EU, ensure energy security, and enhance competitiveness.
It argues that "integrating the target into a comprehensive industrial strategy, guided by a ‘competitive sustainability’ approach, will allow the EU to lead the global race of development of sustainable industrial ecosystems and industries."
It also makes clear that the 2040 climate target should create a clear signal to businesses and national governments of the importance in investing in nature-based solutions and the transition to a nature positive economy.
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