Industry Coming a-Round .We All Need to Take Action on Climate Change
Climate change is not just on the minds of the Nobel Prize committee in Oslo.
Congratulations, Mr. Vice President on your award. We at the Business Roundtable, too, believe this is a global issue that has to be tackled through smart, concrete action. And we understand the heavy-lifting involved. Just try, as we did - successfully - getting 160 CEOs of varying industries to agree on a climate change statement.
In recent years, the business community has made great strides in helping reduce greenhouse gas emissions (GHG). Business Roundtable’s membership consists of a broad cross-section of business leaders-- both producers and consumers of energy--and is in a unique position to invest, research and develop technologies to help combat the release of GHG emissions at every level of production. America leads the world in science and technology and we are going to need to continue and even strengthen that commitment if we are to meet mounting challenges such as global warming.
Business Roundtable believes we can work together to develop a meaningful and coordinated global approach that will have a real, positive impact on reducing the negative effects of climate change.
For nearly 20 years, DuPont has been active in reducing greenhouse gas emissions in their operations around the world. This has resulted in the reduction of greenhouse gas emissions of more than 70 percent since 1991 and avoided more than $3 billion (U.S. dollars) in energy costs. DuPont has now established their own ambitious sustainability goals that focus on further global greenhouse gas emission reductions as well as delivering new, efficient technologies and products to the marketplace.
DuPont’s latest set of goals, have broadened their sustainability commitments beyond their own environmental footprint reduction to include market-driven targets for both product revenue and research and development investment that are tied directly to business growth – specifically to the development of safer and environmentally improved products for global markets.
And they are developing to expand fuel options for consumers. Current innovations include:
By 2025 the U.S. Department of Energy projects that in the absence of significant policy changes or unanticipated technological advancement, America’s energy usage is likely to increase by 35 percent. Business Roundtable and member companies, like DuPont, are not only a part of the discussion around what the business community can do to tackle this issue, but importantly, are taking action to see results.
Through ongoing, collective action, our member companies such as DuPont plan to continue championing GHG reductions, and sustaining the health of our economy and our environment.
And victories, such as Vice President Gore’s, continue to help give greater attention to this pressing issue.