31 May 2019
Climate change: Legal & General issue letter to Theresa May
Following the climate change evidence presented by a group of experts to the prime minister, Legal & General have also independently written; requesting that government 'act immediately' on installing legislation that will achieve net-zero gas emissions by 2050.
BBC News has reported that leading climate scientists have called for Theresa May to make her "legacy" a target to cut greenhouse gases to zero by 2050.
Although the government have already said the UK already leads the world in tackling global warming, the letter said the evidence was "unequivocal" that avoiding dangerous climate change means eliminating or offsetting all carbon emissions - not just reducing them.
As leading businesses and investors, we are determined to support an affordable transition and drive innovation. Many of us are setting our own net-zero and science-based targets. We are also increasingly investing in and purchasing green energy, using low emission and electric vehicles, converting land to carbon sinks and improving energy efficiency throughout our operations and portfolios - and making new green jobs in the process.
The current target written into law is to reduce greenhouse gases by 80% by 2050.
Their letter comes after the government's independent climate advisors, the Committee on Climate Change, urged ministers to set a new legal target for a 100% cut in all greenhouse gases by the middle of the century as soon as possible.
Meeting this target would mean stopping all emissions from electricity generation, transport and heating, while offsetting pollution from areas like aviation using measures to capture carbon, such as planting trees.
Read the full letter sent to the Prime Minister via the link below
As leading businesses and investors, we are determined to support an affordable transition and drive innovation. Many of us are setting our own net-zero and science-based targets.