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Tesco calling for action to fight climate change; RETAIL.

The bosses of some of the biggest companies in the UK yesterday called for decisive cross-party action on climate change.

In letters to the three major party leaders, the Prince of Wales's UK Corporate Leaders Group on Climate Change demanded "transformational change" across the economy to meet the threats posed by global warming.

Chief executives of companies including BAA, E.ON, Shell and Tesco said while the economic downturn might cause some to question whether the UK could afford to act boldly on climate change, "action cannot be delayed".

They welcomed the Climate Change Bill and strong international targets for emissions cuts but said more would be needed to deliver a "low climate risk" economy.

"We now urgently need cross-party effort to develop a comprehensive package of policy measures to change every major sector of the economy," they wrote.

The business leaders said "incremental change" would not be enough to deal with the risks posed by climate change.

Decisive action would stimulate economic activity and create jobs as well as reducing the cost of a changing climate in the long run, they said.

The group called for action to create a robust carbon market.
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Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Sep 19, 2008
Words:194
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