E3G

Gulf Times: G8 climate statement leaves industry in a policy vacuum

By Quentin de Molliens

The online version of the Gulf Times newspaper carries an article looking at the decisions of the 33rd G8 summit hosted by Germany.

In particular, it underlines the G8’s difficulties in setting clear emissions targets which empower business to fight climate change.

E3G founding director Tom Burke was quoted in the article, and criticised the G8 governments for not setting a framework within which business can act, saying:

Business understands the scale of climate risk and just wants to get on with it. This isn’t getting on with it”

Tom also advanced the view that only business could deliver the scale of investment needed to fight climate change, and stated that:

Governments haven’t delivered a reliable and robust enough framework to allow that. This G8 statement just leaves them in as much uncertainty as before.”