An analysis of European responses to the latest annual survey by the Carbon Disclosure Project (CDP) suggests that Europe’s largest firms have become more hesitant in their plans to cut carbon emissions.
According to the report, released today, the aggregate reduction target among Europe’s largest 300 companies is lower than last year, though the CDP blames mainly methodological factors. Respondents reported capital investment plans in alternative energy and energy efficiency of €31bn, well down on the approximately €100bn disclosed last year.
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