September 22, 2009

I am Not a Cynical Person

....The communique, whose signatories include British Airways, Virgin, BP, Shell and energy suppliers EDF and E.ON, warns that a failure to secure a deal in Copenhagen will worsen the current economic climate.

But a science-based agreement with commitments for deep and immediate cuts from industrialised countries will "deliver the economic signals that companies need if they are to invest billions of dollars in low carbon products, services, technologies and infrastructure", it said.

The communique, organised by the Prince of Wales's corporate leaders group on climate change based at the University of Cambridge, said: "Economic development will not be sustained in the longer term unless the climate is stabilised.

"It is critical that we exit this recession in a way that lays the foundation for low-carbon growth and avoids locking us into a high-carbon future."

The statement, signed by companies from more than 50 countries including the UK and Europe, the US, Russia and China, backed efforts to limit temperature rises to 2C, which will require global emissions to peak within the next decade and fall by between 50 per cent and 85 per cent by mid century...


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