Thursday, May 10, 2007
Climate Change Is Everywhere
The U.S. Climate Action Partnership (USCAP) includes businesses and green groups including GM, Dow Chemical, PepsiCo, Shell, Alcan, Boston Scientific, ConocoPhillips, Deere & Company, Johnson & Johnson, Marsh, Siemens, The Nature Conservancy and the National Wildlife Federation. USCAP is pushing for a cap-and-trade system to control emissions.
Citigroup, the largest U.S. bank, pledged $50 billion to cut its emissions and invest in clean energy.
Senators Boxer and Sanders have introduced the Global Warming Pollution Reduction Act (S. 309) to cap greenhouse gas emissions beginning in 2010 and reduce emissions to 1990 levels by 2020. Emissions would be reduced to 20% of 1990 levels by 2050.
Although many are now bemoaning the problem of global warming and calling for caps, few are providing legitimate solutions for the problem. Unfortunately nobody is paying attention to President Bush's Asia-Pacific Partnership and Methane-to-Markets programs. Moreover, the Energy Policy Act of 2005 was the best global warming mitigation measur to date because it promotes the increased use of nuclear power.