Environment Secretary Andrea Leadsom has said she will seek to force businesses to reduce their emissions by 40 per cent by 2025.
She will also introduce a “Climate Justice Fund” to encourage companies to pay a carbon price.
The announcement comes as the Government begins to review the way companies are measured and report their emissions, after revelations that several major companies failed to produce emissions data for a number of years.
Environment Secretary Andrea Leadesom has announced that she will introduce a Climate Justice Fund to encourage them to pay carbon price Read more:The Climate Justice Funds will be set up to incentivise companies to reduce emissions by up to 40 per 100trn, equivalent to around £1.4bn a year.
We are now in a position where we need to take strong action to ensure that our businesses are doing more to protect the environment and reduce their carbon footprints.””
We need strong action now to tackle the carbon emissions crisis and to help companies like ours.
We are now in a position where we need to take strong action to ensure that our businesses are doing more to protect the environment and reduce their carbon footprints.”
This fund will provide the funding and support we need.
It will help businesses and the UK economy to make the most of the new climate justice opportunities.
“Climate justice is an important part of the Climate Change Act.
This funding will help to support companies and encourage them in their efforts to reduce and adapt to climate change.”
A spokesperson for the Environment Agency said it was “committed to tackling the climate crisis”.
They said: “The Environment Agency works closely with business and other stakeholders to support the development of strategies and solutions to reduce carbon emissions in all sectors, including the use of renewables, the energy sector, manufacturing and other sectors.”
The spokesperson added that “the government is committed to tackling both the emissions and the climate change, including through our climate justice strategy”.
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