November 12, 2007

Global Companies Issue Climate Change Roadmap

In advance of the upcoming climate change negotiations in Bali, Indonesia, 3C, or Combat Climate Change, the organization formed in January by companies that include ABB, Vattenfall, Bayer, Duke Energy, GE and Siemens, has issued a climate roadmap (PDF) recommending specific action steps that the group feels world governments should make a priority.

“Industry can and should be an ally, not an obstacle, to addressing the very real climate problem,” declared Lars Josefsson, founder of the initiative and president and chief executive officer of Swedish energy group Vattenfall. “But the initiative must be taken not by one industry, but by all of us working together: the global challenge of combating climate change requires a global solution.”

Specifically, 3C wants governments to set maximum permissible levels for a global temperature increase and define greenhouse gas reduction targets by 2030 and 2050, Forbes reports. Following that, 3C wants to see the creation of a global market for carbon emissions trading as well as government support for “clean” technology projects like carbon sequestration and wind farms.

Early last year another group of U.S. businesses, known as the U.S. Climate Action Partnership, was also created to push a market-based mechanism for lowering greenhouse gas emissions.

3C is likely to grow, according to Forbes (it’s picked up more than 20 companies since its launch). None of its members would be involved if they didn’t see big profits to be made in going green, according to the article.

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