Green Investors Urge EU To Set Tougher Emissions Targets

Law360, London (September 15, 2020, 3:51 PM BST) -- An industry group representing asset managers on Tuesday urged the European Union to cut greenhouse gas emissions by at least 55% by 2030, saying a high level of ambition is needed in order support an orderly transition to meet net zero emissions.

An ambitious increase in its emissions reduction targets could help reinforce European leadership on climate change, and a reduction of over 55% would be more suitable if global effort sharing issues were to be considered, the Institutional Investors Group on Climate Change said.

"The EU has shown it understands climate action and economic growth go hand in hand, and has the...

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