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Perspectives on Climate Change: Business Initiatives to Reduce Greenhouse Gas Emissions

Thursday, November 18, 2004
2:00-3:30 p.m., 628 Dirksen Senate Office Building

The Environmental and Energy Study Institute (EESI) invites you to a Congressional briefing to hear first-hand about actions being taken by U.S. businesses to reduce greenhouse gas (GHG) emissions. There is scientific consensus that manmade GHG emissions are contributing to an upward trend in globally averaged mean temperature and observed climate change impacts. A major intergovernmental report on Arctic climate impacts was just released, and the Senate Commerce Committee is holding a hearing on climate change November 16. In response to climate change concerns, many businesses are reducing their GHG emissions through increased energy efficiency, waste reduction, improved industrial processes, fuel switching and use of renewable energy, among others. Businesses reduce emissions and cut energy waste by using more efficient business practices, which can improve the bottom line. For example, according to The Climate Group, Dupont has reduced its GHG emissions 69 percent from 1990 levels, saving $2 billion through energy efficiency measures, and IBM has reduced carbon dioxide (CO2) emissions 65 percent from 1990 levels, saving $791 million from 1990 to 2002 in the process. 

Several organizations have formed strategic partnerships to provide information and opportunity for networking among businesses that are taking action on GHG reductions. For example, the U.S. Environmental Protection Agency Climate Leaders program is a voluntary industry-government partnership of 60 companies that encourages development of long-term comprehensive climate change strategies and greenhouse gas emissions reduction goals. The Climate Group is developing new tools to cultivate understanding of best practices in GHG emission reduction, establishing an international and cross-sectoral dialogue, and creating mechanisms to help link effective solutions with sources of capital. The briefing panel includes:

  • Nancy Skinner, U.S. Director of The Climate Group, former International Director of the International Council for Local Environmental Initiatives (ICLEI) Cities for Climate Protection  
    Presentation
    (1 MB .pdf)

  • Cynthia Cummis, Team Leader, Climate Leaders Program, U.S. Environmental Protection Agency
    Presentation
    (0.6 MB .pdf)

  • Al Forte, Assistant Director, Environmental Affairs, Pfizer Inc.  
    Presentation (0.2 MB .pdf)

  • Dr. Somadeepti Chengalur, Director, Health, Safety, and Environment Federal Policy, Eastman Kodak Company
    Presentation
    (0.5 MB .pdf)

  • Roger Duncan, Deputy General Manager, Government Affairs, Austin Energy Services
    Presentation (1 MB .pdf)

In addition to saving money, businesses are reducing GHG emissions to mitigate liabilities and costs associated with potential future regulation as well as existing GHG regulations in other countries. While U.S. climate policy is currently based on voluntary measures, a recent survey of utilities responsible for roughly 30 percent of U.S. power generation found that nearly 60 percent of respondents believe Congress will enact mandatory limits on CO2 emissions within the next ten years, and roughly half of respondents believe these limits will come within five years.

The briefing is open to the public and no reservations are required. Please feel free to forward this notice.  For more information, please contact Fredric Beck at 202/662-1892 or fbeck@eesi.org.

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