Private banks 'should take action on carbon reduction targets'

Private banks and other businesses would be wise to implement schemes to reduce their carbon emissions, according to one sustainability specialist.

Harry Morrison, general manager of the Carbon Trust, said the CRC Energy Efficiency Scheme has received parliamentary approval and is now in the implementation phase, arguing commercial interests should presume policies outlined in the programme will go ahead.

Corporate and private banks may wish to put eco-friendly targets in place, as the CRC measures aim to encourage changes in behaviour and infrastructure to help Britain transfer to a low-carbon economy.

Mr Morrison noted organisations that might have presumed the coalition would not follow through with the agenda set by Labour should be aware both parties have consistently called climate change ’a key part of their policy agenda’.

The Department of Energy and Climate Change describes the measures as a central part of the nation’s plan to improve energy efficiency and reduce the UK’s ecological footprint. ADNFCR-2318-ID-19891638-ADNFCR