Globe G8+5 Legislators’ Forum On Climate Change Agreed Statement

October 5, 2007 at 1:47 pm | Posted in Accounting, Berlin, BP, Business leaders, Carbon market, Carbon trading, CEOs, Climate change, Economics, Emissions costs, Environment, G8, G8+5, Germany, Global, IPCC, Legislators, Low carbon economy, Sustainable development | 2 Comments

Originally posted on June 5, 2007 at 2:02 am and now I am reposting because tripleX spammers are attacking my original permanent URL.

Two recent press releases from Globe are worth reading.

The ‘Agreed Statement From The Globe G8+5 Legislators’ Forum On Climate Change’ calls on G8 leaders to address climate change and provides detailed lists of actions under these headings:

  • Carbon markets
  • Technology: Carbon Capture and Storage (CCS)
  • Technology: Energy Efficiency
  • Technology: Renewables
  • Adaptation
  • Forestry
  • Post-2012

Agreed Statement From The Globe G8+5 Legislators’ Forum On Climate Change
Berlin, 3-4 June, 2007
Press Release No:2007/422/SDN

GLOBE International

COM+: Alliance of Communicators for Sustainable Development

BERLIN, June 4, 2007—In recent months, the international debate on climate change has gained momentum. We welcome the publication of the Intergovernmental Panel on Climate Change’s (IPCC) summary reports from Working Groups 2 (impacts and adaptation) and 3 (mitigation options) and applaud the leadership shown by the European Union (EU), under the presidency of Chancellor Merkel, at the Spring Council. In parallel, we support the positive political movement in the US, with many draft Bills placed before Congress proposing mandatory national restrictions on greenhouse gases. In this context we welcome President Bush’s constructive proposal, especially the call for a long-term emissions goal. It is critical that the G8, at Heiligendamm, demonstrates leadership by building on this momentum to convey a vision for a post-2012 UN framework in line with the five elements put forward by Chancellor Merkel:

i) a long-term stabilisation goal

ii) promotion of a global carbon market

iii) increased support for technology research, development, deployment and transfer

iv) increased support for adaptation, particularly in developing countries

v) measures to reduce deforestation

We offer the following statement to G8 leaders on specific policy areas:

Read the complete press release

In concert with their Agreed Statement, the ‘World Business Leaders Call for Global Carbon Market’:

Climate Change: Berlin Legislators Forum
World Business Leaders Call for Global Carbon Market
Press Release No:2007/423/SDN

GLOBE International

COM+: Alliance of Communicators for Sustainable Development

BERLIN, June 4, 2007—Leading CEOs from the largest corporations in the energy sector today called for the establishment of a global carbon market as a way to spur innovation, clean energy development, and the additional investments needed to steadily move to a global lower carbon economy.

The corporate leaders addressed more than a hundred legislators representing a broad cross-section of political parties from G-8 countries and major emerging economies such as Mexico, Brazil, China, India, and South Africa at two-day forum organized by GLOBE International, a worldwide network of legislators concerned with the environment.

Tony Hayward, the newly appointed CEO from British Petroleum (BP), making his first keynote address since being appointed said, “We need to ensure that the costs of emissions of carbon dioxide and other greenhouse gases are included in the price we pay for everything – whether it be a television, a train journey, or switching on a light – all should reflect the cost of emissions in that price.”

Read complete press release

2 Comments

  1. “We need to ensure that the costs of emissions of carbon dioxide and other greenhouse gases are included in the price we pay for everything…” Jolly good. But we don’t know what those costs are. Assuming, wildly optimistically, that we all agree that we should pay the costs, which costs shall we pay: an upper bound? a lower? something random?

  2. I do not know the answer to your question, (though I may know a man who does …) but it is a good ‘un, William.
    .
    Businesses and politicians tend to prefer pricing mechanisms determined by supply and demand.
    .
    Consumers will automatically demand more carbon efficient products as the carbon charge is added into pricing schemes. Until that time (i.e. before costs are reflected in product pricing) perhaps it is only through customer education and mass eco-consumer determination to purchase low carbon products labelled as such, that any demand can be shown.
    .
    The amounts of carbon emitted during particular product lifecycles are being calculated, from things as small as a packet of Walkers’ Cheese & Onion crisps to big-ticket items. Many companies are working on determining CO2 emissions for their business processes (services as well as products). This project is a massive undertaking!
    .
    European carbon markets tend to price carbon (or its equivalents) between €10 and €30 per tonne, so I guess that is what will be factored into product and services pricing once the carbon emissions price has settled, is transparent, and there is some way to trade between regional carbon markets. I have no idea how that will work. PointCarbon have interesting stuff on this topic.
    .
    If there is anyone reading this who can answer Wiliam’s question, please chip in!


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