biggest companies to help combat climate change
When George Bush and Exxon are changing their tunes on climate, could it be that pigs DO fly!
Joel Makower wonders as much, though he’s more impressed by a new corporate group formed last week to develop an effective global climate protection policy.
The 3C Initiative (for Combat Climate Change) has issued an “urgent request to the global community and all its representatives” to join in.
Join what? “Demanding a global framework supporting a market-based solution to the climate change issue”.
What’s going on here, wonders Makower? Has the global business community finally seen the light — or, perhaps, felt the heat?
The 3C group has rooted its approach in a rather enlightened report published last year by the Swedish energy company Vattenfall, which is coordinating the 3C Initiative. The Vattenfall report (Download – PDF) outlines an “adaptive burden-sharing model” for addressing climate change.
The model is based on the assumption that an overwhelming majority of all countries commit to participate in the system given that they will only face restrictions once the country is wealthy enough in relative terms.
The long-term predictability and the flexibility needed for economic growth can thereby be sustained.
Most important is that we start now, says 3C, by forming a burden-sharing model built on commitments to long-term reductions.
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