Business looks to Brussels to seize economic opportunity

The Prince of Wales's Corporate Leaders Group and We Mean Business partners support the EU's commitment to cut greenhouse gas emissions by at least 40% by 2030 compared to 1990 levels. While praising the EU's leadership and the Energy Union framework strategy, the group calls for the Market Stability Reserve to be implemented by 2017 to remove surplus carbon permits and requests clearer guidance on financing the transition from gas to greener energy alternatives.

• The European Union has committed to reducing greenhouse gas emissions by at least 40% compared to 1990 levels by 2030, a target the EU intends to achieve through domestic measures without using international carbon offsets.
• To meet the 2030 goal, emissions in non-ETS sectors—including buildings, appliances, and transport—must be reduced by 30% below 2005 levels.
• Business leaders are calling for the EU to accelerate the establishment of the Market Stability Reserve (MSR) to 2017 at the latest to remove unsold or 'backloaded' permits from the carbon market, arguing this is essential for low-carbon investment decisions.
• While the Energy Union framework strategy is praised for seeking solutions beyond fossil fuel supply, it is criticized for lacking guidance on how to finance the transition to greener alternatives, as gas continues to play a dominant role.
• There is ongoing debate regarding the inclusion of emissions from forestry and land-use change (LULUCF) in the EU's targets, with some analysts suggesting its inclusion could reduce the effective ambition from 40% to 35%.

APA

Camara, J. (2015). Business looks to Brussels to seize economic opportunity. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/business-looks-to-brussels-to-seize-economic-opportunity/

Chicago

Camara, Jake. Business looks to Brussels to seize economic opportunity. We Mean Business Coalition, 2015. https://www.wemeanbusinesscoalition.org/blog/business-looks-to-brussels-to-seize-economic-opportunity/.

Wikipedia

{{cite press release |last1=Camara |first1=Jake |title=Business looks to Brussels to seize economic opportunity |publisher=We Mean Business Coalition |date=11 March 2015 |url=https://www.wemeanbusinesscoalition.org/blog/business-looks-to-brussels-to-seize-economic-opportunity/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{camara2015business, author = {Camara, Jake}, title = {{Business looks to Brussels to seize economic opportunity}}, publisher = {We Mean Business Coalition}, year = {2015}, month = mar, url = {https://www.wemeanbusinesscoalition.org/blog/business-looks-to-brussels-to-seize-economic-opportunity/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }