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Tom Delay, Chief Executive of the Carbon Trust said:
“This report is further evidence that shows UK business has not just woken up to the climate change debate but is on the move to engage and tackle it. Our own research shows that more and more businesses of all sizes are acting to reduce their carbon footprints and this new report from the CBI will provide extra momentum to this new important business movement.
"Importantly the CBI report concludes that our 2050 targets are in reach, but require urgent action now to deploy existing technologies and approaches, and to invest in developing new low carbon technologies. There is a growing acceptance that if the UK takes early action then we can become a world leader in developing new business approaches and low carbon technologies and in turn benefit from the export potential estimated to be worth some £240bn per year by 2050. The CBI taskforce identifies the massive financial opportunity available to both large and small businesses that play a leadership role in the move to a low carbon economy.
"We welcome the pledges that will deliver major benefits for the environment and the bottom line of UK Plc and will continue to work alongside the CBI and their members to support their implementation.”
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