COMPANIES FROM AROUND THE WORLD LAY OUT GROUNDBREAKING GLOBAL
FRAMEWORK TO FIGHT CLIMATE CHANGE
Air France, Alcoa, Allianz, Bayer, Citigroup, DuPont, Eni, Eskom, FPL Group,
General Electric, Ricoh, Vattenfall and Volvo are among more than 90 companies
and organizations who have endorsed a bold framework for clean energy, climate
change action
New York, February
20, 2007— As a significant step toward tackling climate change, an unprecedented
group of companies and organizations from around the world have endorsed a bold
post-Kyoto framework for affecting change at the levels of policy and industry,
particularly in regard to creating sustainable energy systems necessary for
achieving economic growth. Signatories of The Path to Climate Sustainability:
A Joint Statement by the Global Roundtable on Climate Change hail from a
range of sectors and industries, including air transport, energy, technology,
insurance, banking, and many others, from across the globe.
The statement—endorsed by Allianz, Bayer, Citigroup, DuPont, General Electric,
Volvo, and many others—calls on governments to set scientifically informed targets
for greenhouse gases and carbon dioxide (CO2) emissions. The agreement also
urges governments to place a price on carbon emissions and to set forth policies
aimed at addressing energy efficiency and de-carbonization in all sectors. Calling
climate change "an urgent problem," the statement lays out a proactive framework
for global action to mitigate risks and impacts while also meeting the global
need for energy, economic growth and sustainable development. It outlines cost-effective
technologies that exist today and others that could be developed and deployed
to improve energy efficiency and help reduce CO2 emissions and other greenhouse
gases in major sectors of the global economy.
"Leaders from key economic sectors and regions of the world have reached a consensus
on the path forward to reduce human-made climate change," said Jeffrey D. Sachs,
Chair of the Global Roundtable on Climate Change and Director of The Earth Institute
at Columbia University. "This initiative points the way to an urgently needed
global framework for action. I congratulate the Roundtable signatories, and
thank them for their bold leadership and contribution to global progress on
this critical issue."
The Climate Change Statement released today has received endorsements from critical
stakeholders and independent experts including leading corporations from all
economic sectors; smaller firms with very different perspectives and concerns;
an array of civil, religious, environmental, research and educational institutions;
and a distinguished list of world-leading experts from the fields of climate
science, engineering, economics and policy studies.
One key signatory, U.S. Senator Olympia J. Snowe from Maine, plans to present
the Joint Statement to Congress as a possible point of action on curbing the
country’s greenhouse gas emissions. "The Global Roundtable on Climate Change
Statement is a vital tool to help all nations shape sound public climate change
policy, and, as a participant in the Roundtable, I am acting as a conduit for
getting the Joint Statement before the U.S. Congress to assist it in coalescing
around and adopting scientifically informed and cost effective targets to reduce
U.S. greenhouse gas emissions," said Snowe. "The U.S. must engage
with a significant level of commitment so that the world’s largest emerging
economies will participate in adopting a global strategy."
The ability of so many key stakeholders with such diverse views to agree upon
the Joint Statement demonstrates the possibility of fostering a global consensus
on a positive, proactive approach to meeting the challenge of global climate
change. The signatories include Air France, Alcoa, Allianz, American Electric
Power, Bayer, China Renewable Energy Industry Association, Citigroup, DuPont,
Electricity Generating Authority of Thailand, ENDESA, Eni, Eskom, FPL Group,
General Electric, Iberdrola, ING, Interface, Marsh & McLennan Companies,
Munich Re, NRG Energy, Patagonia, Ricoh, Rolls Royce, Stora Enso North America,
Suntech Power, Swiss Re, Vattenfall, Volvo, World Council of Churches, World
Petroleum Council, and many others.
"Global businesses are assuming their just place as catalysts for action on
climate change. But action by business alone is not enough," said Jeffrey Immelt,
Chairman and CEO of General Electric. "While we believe that applying technology
against problems will create positive business opportunities that can result
in positive change, national, state and local governments, academia and other
non-governmental organizations must step forward with equal force. The Global
Roundtable is an excellent venue focused on such a positive, proactive approach."
Representatives of the global insurance industry have also endorsed the statement,
citing climate change as a growing risk to business and society. "The insurance
industry has always played a key role in helping business and society understand
new risks. We provide an early warning, if you will," said Clement Booth, Executive
Board Member of Allianz SE, a global leader in insurance, banking and asset
management. "Allianz believes it is already seeing signs that climate change
is a serious emerging risk, and we expect it to remain a top-tier issue for
the insurance industry for many decades to come. I believe it is our responsibility
to address and tackle this risk, making homes and businesses safer and more
secure for our clients."
Since 2004, the diverse members of the Global Roundtable on Climate Change,
an initiative of The Earth Institute at Columbia University, has convened more
than 100 high-level stakeholders and experts twice a year to explore areas of
potential consensus regarding core scientific, technological, and economic issues
critical to shaping public policies on climate change. The Joint Statement is
an outcome of these dialogues, and was built on careful discussion over the
past three years.
The statement specifically calls on governments to set scientifically informed
targets for global GHG concentrations, including ambitious but achievable interim
goals for CO2, and to take immediate action in pursuit of those targets; to
develop mechanisms that place a price on carbon emissions that is reasonably
consistent internationally and across sectors in order to reward efficiency
and emission avoidance and encourage innovation; establish policy initiatives
to address energy efficiency and de-carbonization in all sectors; encourage
the development and rapid deployment of low-emitting and zero-emitting energy
and transportation technologies; and provide incentives to reduce emissions
from deforestation and harmful land management practices; as well as other related
actions. Emphasis is placed on taking proactive advantage of existing technologies
and accelerating promising development of new ones in order to significantly
increase energy efficiency, dramatically expand the use of non-fossil fuel energy
sources, and greatly reduce emissions from the fossil fuels likely to remain
in use. 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.
"Of course, addressing climate change involves risks and costs. But much greater
is the risk of failing to act," said Alain Belda, Chairman and CEO of Alcoa,
the world's leading producer of aluminum. "I am convinced that we can build
a global plan of action on climate change in ways that create more economic
opportunities than risks. The work of the Global Roundtable on Climate Change
is an excellent example of the type of effort needed to extend the climate change
issue from one of talk to one of action."
Individuals can also take a step toward combating climate change by adding their
name to a growing global call for action at www.NextGenerationEarth.org. The
Web site, launched today, gives people an opportunity to have their voices heard
on issues of global well being and environmental sustainability. The climate
principles on the Web site are based on elements of the Roundtable's Joint Statement.
For more information about the Global Roundtable on Climate Change, please
visit http://www.earthinstitute.columbia.edu/grocc/
For more information about the Joint Statement, please contact Clare Oh at
coh@ei.columbia.edu
or (212) 854-5479.
# # #
Global Roundtable on Climate Change
The Global Roundtable on Climate Change brings together more than 100 high-level,
critical stakeholders from all regions of the world—including senior executives
from the private sector and leaders of international governmental and non-governmental
organizations—to discuss and explore areas of potential consensus regarding
core scientific, technological, and economic issues critical to shaping sound
public policies on climate change. http://www.earthinstitute.columbia.edu/grocc/