It Ain't Cool To Do Business In The EU And Not Support 30 Percent

While the US continues to be a laggard on dealing with the climate crisis, the EU has already committed to cutting its GHG emissions by 20 percent below 1990 levels by 2020. But because that level ambition is not enough to stop climate change and more action will help to create more green jobs, many, including huge multinational corporations, are pushing for the EU to increase its ambition to a 30 percent cut below 1990 levels by 2020. Earlier this week, the Climate Group released a list of 72 European companies that have signed a Joint Declaration calling on the European Union to raise its game to a 30 percent cut. These companies employ 3.8 million employees and rake in over €1 trillion in annual revenue, according to the Climate Group.

The Climate Group's press release lists the companies that support the 30 percent reduction:

Acciona, Adolfo Dominguez, Allianz, Alpro, Arjowiggins graphic, Arkadin, ASDA, Atkins, Aviva, Aviva Investors, Barilla, Better Place, BNP Paribas, Boralex, BSH Bosch Siemens Hausgeraete, British Telecom, BSkyB, Capgemini, Carrefour, Centrica, Climate Change Capital, The Coca-Cola Company, Coca-Cola Enterprises, Coca-Cola Hellenic, Crédit Agricole, Danfoss, Danone, DHV Group, DONG Energy, Electrolux, Elopak, Eneco, Eurostar, F&C; Asset Management, Ferrero, First Solar, Google, H&M;, If P&C; Insurance Company Ltd, IKEA, InterfaceFLOR, John Lewis Partnership, Johnson Controls Inc, Kingfisher, Lafuma, Mango, Marks and Spencer, National Grid, Nestlé, Nike, Nokia Siemens Networks, Novo Nordisk, Philips, PUMA, Rockwool, RSA, Scottish and Southern Energy, SKAI Group of Companies, Sony Europe, Standard Life, Sveaskog, Swiss Re, Thames Water, The Co-operative Group, Tryg, Unicredit, Unilever, United Biscuits, Velux, Vestas, Vodafone and WSP Group.

Meanwhile, across the Pond, Republican presidential candidate Mitt Romney is taking flack for admitting the obvious--that we must do something about climate change. And our only active emissions trading system, RGGI, was recently dealt a blow when New Jersey, under the direction of Gov. Chris Christie, pulled out. So while the EU looks to increase its ambition and commitment to solving the climate crisis, US leaders remain stuck with their heads in the sand.

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