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| ozbazoa.... |
 Posted: Wed Oct 21, 2009 8:45 pm |
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Largest corporations agree to cut global warming emissions
February 20, 2007
More than 100 top executives from the private sector and leaders of
international governmental and non-governmental organizations
unveileved a plan to cut greenhouse gas emissions. They said
governments need to take immediate steps to stop global warming.
"Failing to act now would lead to far higher economic and environmental
costs and greater risk of irreversible impacts," warned the Global
Roundtable on Climate Change in a statement issued Tuesday. "Long-term
success will require a concerted effort to de-carbonize the global
energy
system."
The Roundtable put forth a series of recommendations for world
governments to reduce the risk of climate change including setting
"scientifically informed" targets for global CO2 concentrations,
developing a carbon trading market, promoting energy efficiency and de-
carbonization through the increased used of renewable energy, providing
incentines to reduce deforestation and harmful land management
practices, implementing adaption strategies to prepare populations for
the impact of global change, and launching public awareness campaigns
to inform citizens of the risks of and solutions to climate change.
"Cost-efficient technologies exist today, and others could be developed
and deployed, to improve energy efficiency and to help reduce emissions
of CO2 and other GHGs in major sectors of the global economy," stated
the Roundtable. "Research indicates that heading off the very dangerous
risks associated with doubling pre-industrial atmospheric
concentrations of CO2, while an immense challenge, can be achieved at a
reasonable cost."
Alcoa, Ford Motor, General Electric, Goldman Sachs, Toyota Motor North
America, and Wal-Mart are among the corporations that signed off on the
initiative.
With corporations now making up roughly two-thirds the world's 150
largest entities, the private sector is arguably as important as
governments in directing policy on climate change. This new initiative
will likely increase pressure on the world's largest polluters --
especially Europe and the United States -- to take action on the issue,
which could have a devastating economic impact. A study released in
October by the British government said that economic damage caused by
global warming could rival that of the Great Depression.
Atmopheric concentrations of carbon dioxide -- the principal greenhouse
gas produced by human activities -- currently stands at the highest
levels in at least 650,000 years according to research published in
2005. Most carbon emissions result from power generation, responsible
for more than 40 percent of energy-related emissions worldwide.
Overall, industry accounts for more than 18 percent of emissions,
transport 20 percent, and the residential and services sector 13
percent. The U.S. is the largest polluter, followed by China. |
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