|February 20, 2007|
Key companies endorse global climate framework
|New York, USA - A group of companies and organizations have released a statement endorsing the creation of a post-Kyoto global climate change framework which includes emissions reduction targets and a price on carbon emissions. |
The statement recognizes the urgency of global warming and the importance of energy to the world economy. As a result, climate change solutions must include "new and sustainable energy strategies that can meet growing global energy needs while allowing for the stabilization of atmospheric CO2 concentrations at safe levels", says the statement.
The statement was issued by the Global Roundtable on Climate Change, which was developed by the Earth Institute at Columbia University to bring together more than 100 stakeholders, including senior executives from the private sector and leaders of international governmental and non-governmental organizations, to discuss areas of potential consensus regarding climate change.
Those endorsing the statement include the executives of Alcan, BASF, Allianz, Bayer, Citigroup, DuPont, General Electric, Volvo, and others, as well as academics, non-governmental organizations, and policy-makers.
The group notes that cost-effective technologies that exist today, as well as those in development stages, can improve energy efficiency and reduce GHG emissions. Avoiding the most dangerous risks of climate change can be accomplished at a reasonable cost, the statement says, warning that "failing to act now would lead to far higher economic and environmental costs and greater risk of irreversible impacts".
Companies themselves pledge to take action in their own operations as well, from seeking reductions of their own emissions to working to increase public and industry understanding of both the risks of climate change and potential solutions, adds the group.
The Roundtable's statement says:
Read the group's statement, The Path to Climate Sustainability: A Joint Statement by the Global Roundtable on Climate Change.
For More Information: Earth Institute at Columbia University