Over 150 major businesses and investor CEOs have urged the EU to raise EU 2030 greenhouse gas (GHG) emissions targets to at least 55%.
Companies including Enviva, Drax, Unilever, Google and Deutsche Bank are calling on EU policymakers to support an increased EU 2030 GHG emissions reduction target necessary to raise the pace and focus of transition efforts for the EU to become a climate-neutral continent by 2050.
In an open letter coordinated by CLG Europe, CEOs from major businesses said that by raising the EU 2030 target and delivering a more climate-resilient and regenerative recovery in response to the impacts of the COVID-19 pandemic, the EU can demonstrate international climate leadership in the run-up to COP26 in November 2021.
John Keppler, chairman and CEO of Enviva, said: “There is no way to achieve net-zero carbon reductions and effectively address climate change without a radical rethink on how we utilise and leverage bioenergy.
“Enviva fully supports efforts to increase 2030 emissions reduction targets and firmly believes that sustainably sourced wood biomass is a critical pathway to achieving this goal.
“Increasing 2030 emissions targets in an important component of the ambitious and aggressive actions we must take if we plan to succeed in eliminating additional carbon emissions from entering the environment by 2050.”