Climate Wise wants “sooner rather than later” targets

Allianz UK boss and chairman of insurer lobby group ClimateWise, Andrew Torrance has said: “The government needs to get much more specific on how it will grow renewable-energy supplies,” the Times reports.

ClimateWise wants the government to agree to cut emissions by 40% by 2020.

The two big floods in 2007 wiped £70m off Allianz’s bottom line, Torrance said. “The 2050 target is too far away for businesses to think about,” he said. “Chief executives want commitments that can be met sooner rather than later and a firm plan for how to meet those commitments.”