Major Businesses and Environmental Leaders Unite to Call for Swift Action on Global Climate Change

U.S. Climate Action Partnership Cites Environmental and Economic Benefits



Jan 22, 2007, 00:00 ET from United States Climate Action Partnership

    WASHINGTON, Jan. 22 /PRNewswire-USNewswire/ -- A diverse group of U.S.-
 based businesses and leading environmental organizations today called on
 the federal government to quickly enact strong national legislation to
 achieve significant reductions of greenhouse gas emissions. The group said
 any delay in action to control emissions increases the risk of unavoidable
 consequences that could necessitate even steeper reductions in the future.
     This unprecedented alliance, called the U.S. Climate Action Partnership
 (USCAP), consists of market leaders Alcoa, BP America, Caterpillar, Duke
 Energy, DuPont, FPL Group, General Electric, Lehman Brothers, PG&E, and PNM
 Resources, along with four leading non-governmental organizations --
 Environmental Defense, Natural Resources Defense Council, Pew Center on
 Global Climate Change, and World Resources Institute.
     At a news conference today at the National Press Club, USCAP issued a
 landmark set of principles and recommendations to underscore the urgent
 need for a policy framework on climate change. The solutions-based report,
 titled A Call for Action, lays out a blueprint for a mandatory
 economy-wide, market- driven approach to climate protection.
     "The time has come for constructive action that draws strength equally
 from business, government, and non-governmental stakeholders," said Jeff
 Immelt, Chairman and CEO of General Electric. "These recommendations should
 catalyze legislative action that encourages innovation and fosters economic
 growth while enhancing energy security and balance of trade, ensuring U.S.
 leadership on an issue of significance to our country and the world."
     USCAP's recommendations [http://www.us-cap.org/ClimateReport.pdf] are
 based on the following six principles:
     * Account for the global dimensions of climate change;
     * Recognize the importance of technology;
     * Be environmentally effective;
     * Create economic opportunity and advantage;
     * Be fair to sectors disproportionately impacted; and
     * Recognize and encourage early action.
     The principles and the recommendations outlined in A Call for Action
 are the result of a year-long collaboration motivated by the shared goal of
 slowing, stopping and reversing the growth of greenhouse gas (GHG)
 emissions over the shortest period of time reasonably achievable.
     This unique cooperation of business and environmental leaders is a
 clear signal to lawmakers that legislative action is urgently needed. This
 non- partisan effort was driven by the top executives from member
 organizations- companies with a combined market capitalization of more than
 $750 billion and environmental groups with more than one million members
 worldwide and global policy influence.
     A Call for Action reflects a growing public concern about global
 warming. A recent TIME magazine/ABC News/Stanford University poll finds
 that a significant majority of Americans, about 85 percent, say they
 believe global warming is probably happening. An even larger percentage, 88
 percent, say they think global warming threatens future generations.
     USCAP urges policy makers to enact a policy framework for mandatory
 reductions of GHG emissions from major emitting sectors, including large
 stationary sources and transportation, and energy use in commercial and
 residential buildings. The cornerstone of this approach would be a cap-and-
 trade program. The environmental goal is to reduce global atmospheric GHG
 concentrations to a level that minimizes large-scale adverse impacts to
 humans and the natural environment. The group recommends Congress provide
 leadership and establish short- and mid-term emission reduction targets; a
 national program to accelerate technology research, development and
 deployment; and approaches to encourage action by other countries,
 including those in the developing world, as ultimately the solution must be
 global.
     "The Climate Action Partnership recognizes that the undertaking to
 address climate change is an enormous one, and should not be
 underestimated," said Jonathan Lash, President of the World Resources
 Institute. "But enacting environmentally effective, economically
 sustainable and fair climate change law must be a national priority."
     USCAP believes that programs to encourage efficiency and to promote
 cleaner technologies in the Energy Policy Act of 2005 enacted by the last
 Congress and supported by the President were a good step. However, they
 alone cannot get us to where we need to be on the climate change issue. A
 mandatory system is needed that sets clear, predictable, market-based
 requirements to reduce greenhouse gas emissions.
     The members of USCAP pledge to work with the President, the Congress
 and other stakeholders to confront this vital global challenge.
 
 

SOURCE United States Climate Action Partnership
    WASHINGTON, Jan. 22 /PRNewswire-USNewswire/ -- A diverse group of U.S.-
 based businesses and leading environmental organizations today called on
 the federal government to quickly enact strong national legislation to
 achieve significant reductions of greenhouse gas emissions. The group said
 any delay in action to control emissions increases the risk of unavoidable
 consequences that could necessitate even steeper reductions in the future.
     This unprecedented alliance, called the U.S. Climate Action Partnership
 (USCAP), consists of market leaders Alcoa, BP America, Caterpillar, Duke
 Energy, DuPont, FPL Group, General Electric, Lehman Brothers, PG&E, and PNM
 Resources, along with four leading non-governmental organizations --
 Environmental Defense, Natural Resources Defense Council, Pew Center on
 Global Climate Change, and World Resources Institute.
     At a news conference today at the National Press Club, USCAP issued a
 landmark set of principles and recommendations to underscore the urgent
 need for a policy framework on climate change. The solutions-based report,
 titled A Call for Action, lays out a blueprint for a mandatory
 economy-wide, market- driven approach to climate protection.
     "The time has come for constructive action that draws strength equally
 from business, government, and non-governmental stakeholders," said Jeff
 Immelt, Chairman and CEO of General Electric. "These recommendations should
 catalyze legislative action that encourages innovation and fosters economic
 growth while enhancing energy security and balance of trade, ensuring U.S.
 leadership on an issue of significance to our country and the world."
     USCAP's recommendations [http://www.us-cap.org/ClimateReport.pdf] are
 based on the following six principles:
     * Account for the global dimensions of climate change;
     * Recognize the importance of technology;
     * Be environmentally effective;
     * Create economic opportunity and advantage;
     * Be fair to sectors disproportionately impacted; and
     * Recognize and encourage early action.
     The principles and the recommendations outlined in A Call for Action
 are the result of a year-long collaboration motivated by the shared goal of
 slowing, stopping and reversing the growth of greenhouse gas (GHG)
 emissions over the shortest period of time reasonably achievable.
     This unique cooperation of business and environmental leaders is a
 clear signal to lawmakers that legislative action is urgently needed. This
 non- partisan effort was driven by the top executives from member
 organizations- companies with a combined market capitalization of more than
 $750 billion and environmental groups with more than one million members
 worldwide and global policy influence.
     A Call for Action reflects a growing public concern about global
 warming. A recent TIME magazine/ABC News/Stanford University poll finds
 that a significant majority of Americans, about 85 percent, say they
 believe global warming is probably happening. An even larger percentage, 88
 percent, say they think global warming threatens future generations.
     USCAP urges policy makers to enact a policy framework for mandatory
 reductions of GHG emissions from major emitting sectors, including large
 stationary sources and transportation, and energy use in commercial and
 residential buildings. The cornerstone of this approach would be a cap-and-
 trade program. The environmental goal is to reduce global atmospheric GHG
 concentrations to a level that minimizes large-scale adverse impacts to
 humans and the natural environment. The group recommends Congress provide
 leadership and establish short- and mid-term emission reduction targets; a
 national program to accelerate technology research, development and
 deployment; and approaches to encourage action by other countries,
 including those in the developing world, as ultimately the solution must be
 global.
     "The Climate Action Partnership recognizes that the undertaking to
 address climate change is an enormous one, and should not be
 underestimated," said Jonathan Lash, President of the World Resources
 Institute. "But enacting environmentally effective, economically
 sustainable and fair climate change law must be a national priority."
     USCAP believes that programs to encourage efficiency and to promote
 cleaner technologies in the Energy Policy Act of 2005 enacted by the last
 Congress and supported by the President were a good step. However, they
 alone cannot get us to where we need to be on the climate change issue. A
 mandatory system is needed that sets clear, predictable, market-based
 requirements to reduce greenhouse gas emissions.
     The members of USCAP pledge to work with the President, the Congress
 and other stakeholders to confront this vital global challenge.
 
 SOURCE United States Climate Action Partnership

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