No Time to Postpone Carbon Reductions: Simpson

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Jan. 15 (Bloomberg) -- Paul Simpson, Chief Executive Officer of Carbon Disclosure Project, discusses the economic benefits of carbon reduction and why some businesses are not willing to invest in sustainable energy. He speaks on Bloomberg Television's “The Pulse.” (Source: Bloomberg)

Expected a good savings.

What we have seen is the thousand products they are a using to reduce emissions.

That is better than the average firm-wide return.

Making investments in emissions reduction makes financial sense.

If you look at the number of investors that back this, it has risen by 100%. it is impressive.

Are it is impressive.

Companies say we expect you to be good performers on climate change.

They want to reduce risk in their portfolios.

Investors have to act to protect their assets.

What does it show us about climate change performance?

Where the bulk of the emissions are, they have been continuing to rise which is a great concern, but we are seeing the companies increasingly invest additional capital expenditure in emissions reductions.

It needs to be 3 or 4 more in utilities but it is moving in the right direction.

We just need to accelerate the change.

That is the target.

We have to hit the target.

The scientists and -- this it would be 10-20 yorse?

It is going to take some time.

But we don't have time.

Every year we delay, we're pushing costs back.

That may be convenient in the short-term but in the medium term, it doesn't make sense.

There has been such a -- in the last 12 months.

Is it more awareness?

Is it because economies are recovering or people are ready to look at these issues more?

It is a combination.

Last year we saw new reports on climate change.

The science the strongest it has ever been.

We have a clear carbon budget.

We have already emitted half of that.

The extreme weather continues to happen and that keeps it on the agenda and forces the government to say what more can we do?

Why are certain companies behind it?

If you look at the report, the benefits and you know, all the increased basically -- the money that you can save from it, why are certain companies not following behind it?

There is a number of things to change still.

Political and regulatory uncertainty still exists.

Governments are indicating what they are going do but not yet delivering on that.

They are holding back a bit.

We would like to invest more.

Business is still stuck in this short-term cycle.

As the economy is improving, that can change a little bit.

Help us to be more medium to long-term.

The short-term pressure, everybody is just thinking about the next quarter, next year.

Thank you so much for all of that.

Paul simpson.

Guy, over to you.

Thanks.

Bloomberg "the first word" is up next.

For our viewers, the second hour of "the pulse". what have we got for you?

The business of sport.

Formula one and football.

We have a whole new car coming out in 2014. they are testing it at the moment.

What is the 2014 season going to look like?

Plus we're going to be talking to arsenal's chief commercial officer, tom box, who has come down from the emirates to talk to us about how you make money in football.

This text has been automatically generated. It may not be 100% accurate.

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