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City Businesses Urge for Research into Carbon Footprints

26th March 2007

The Financial Times ran a piece today on how 20 of the City of London’s large businesses - including HSBC, Goldman Sachs, Aviva, and PwC - have urged the Corporation of London to oversee a research project meant to identify key technologies and management solutions which will reduce businesses’ carbon footprints.

It will also include a carbon-offsetting scheme with the intention of creating carbon rights and markets for trading in lieu of higher government taxes. Their research partners include Cambridge University, the London School of Economics, and the Santa Fe Institute.

Keywords

carbon footprint, London, carbon offsetting, news, legislation, climate change

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