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25 Nov 20201 minute read

Businesses urge carbon-based pricing

ECAtoday
Businesses urge carbon-based pricing

A group of 50 UK businesses, including Tesco, Greenpeace and OVO Energy, have called on the government to embed its carbon pricing regime “at the heart” of the UK’s climate action plan.

In an open letter to government, the group also calls for Ministers to encourage all jurisdictions to include new or strengthened carbon pricing commitments and end state support for fossil fuel production.

Eliot Whittington, Director of The Prince of Wales's Corporate Leaders Group and a signatory of the letter, said, “As a coalition of businesses that are committed to achieving the goals of the Paris Agreement, the Corporate Leaders Group have always advocated the importance of ensuring the right signals are sent to the market.

"Strengthened carbon prices with greater coverage across the economy, deployed as part of a joined up package of policies, would help ensure this and represent a strong statement of leadership ahead of COP26 next year. This is key given the UK's role as President; which puts us in a unique position to catalyse climate ambition from other countries."

Meanwhile, ECA has launched its #GetZeroCarbonDone initiative, which highlights ways the electrotechnical industry can help reach the UK's Net Zero Carbon goal by 2050.

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