PUBLISHED: 16:00, Mon, Jan 11, 2021 | UPDATED: 16:00, Mon, Jan 11, 2021
The Prince of Wales has launched a groundbreaking new initiative today called the Terra Carta. It aims to raise £7.3billion over the next decade, to be spent on establishing a more sustainable future. Marking 50 years of environmental campaigning, Charles announced that he wants firms to put money towards harnessing the “irreplaceable power of nature”.
He explained: “I can only encourage, in particular, those in industry and finance to provide practical leadership to this common project, as only they are able to mobilise the innovation, scale and resources that are required to transform our global economy.”
Addressing the inspiration behind the name choice, Charles said: “If we consider the legacy of our generation, more than 800 years ago, Magna Carta inspired a belief in the fundamental rights and liberties of people.
“As we strive to imagine the next 800 years of human progress, the fundamental rights and value of nature must represent a step-change in our ‘future of industry’ and ‘future of economy’ approach.”Insurance Loans Mortgage Attorney Credit Lawyer
The Magna Carta, which translates into ‘The Great Charter’ in English, was a document which outlined the fundamental rights of an Englishman.
Prince Charles has launched the Terra Carta today (Image: www.sustainable-markets.org/)
Charles lauinched the Terra Carta today in a sustainability drive (Image: www.sustainable-markets.org/)
The royal charter established the principle that every person is subject to the law — even the monarch.
Just like most legal documents at the time, it was written in heavily abbreviated Medieval Latin, and is still remembered by its Latin name today.
Charles has clearly indicated that he has great aspirations for his new scheme by naming it after such a pivotal document, and it has already been described by its supposed English translation, The Earth Charter.
However, some have pulled apart the scheme's name.
READ MORE: Prince Charles accused of ‘never listening to scientists’
Charles as a