While the focus in New York this week has been on world leaders pledging to act on climate change, business leaders also stepped up to be part of the climate solution.
In recent years, many companies have acknowledged the risks of climate change and worked to improve their energy efficiency and sustainability. This week, companies announced new efforts to fund clean energy, reduce carbon emissions, and support a price on carbon.
For example, Bank of America announced an initiative to spur at least $10 billion of new investment in clean energy projects. Hewlett Packard announced plans to reduce emissions intensity of its product portfolio by 40 percent from 2010 levels by 2020.
Many companies joined together to take a stand:
One way to reduce power plant carbon emissions is to reduce the demand for electricity. Encouraging customer energy efficiency is one of the building blocks underpinning the Environmental Protection Agency’s (EPA) Clean Power Plan. But the plan does not distinguish among uses of electricity. That means, without further options, the Clean Power Plan could inadvertently discourage states from deploying electric vehicles (EVs), electric mass transit, and other technologies that use electricity instead of a dirtier fuel.
In all but very coal-heavy regions, using electricity as a transportation fuel, especially in mass transit applications, results in the emission of far less carbon dioxide than burning gasoline. In industry, carbon emissions can be cut by using electric conveyance systems instead of diesel- or propane-fueled forklifts and electric arc furnaces instead of coal boilers.
Under the proposed power plant rules, new uses of electricity would be discouraged regardless of whether a state pursues a rate-based target (pounds of emissions per unit of electricity produced) or a mass-based target (tons of emissions per year).
EPA has a few options to make sure regulations for power plants would not discourage uses of electricity that result in less carbon emissions overall.
Two out of three respondents in a new University of Texas poll said energy issues are important to them. But the harsh rhetoric of campaign season makes it seem like politicians can never agree on important policies needed to provide safe, reliable and affordable energy while also protecting the environment.
Well they can, and they did. Right now in Washington, D.C., we have a bipartisan bill that would reduce carbon emissions and develop domestic energy resources.
As Rio+20 negotiators rush to complete a consolidated text of outcomes before heads of state begin arriving tomorrow, participants at hundreds of side events are calling on business and government to take stronger action on clean energy, poverty elimination, food security, oceans, sustainable cities, green technology development, education, and more.
On Sunday at the U.S. Center pavilion, C2ES and the Global Environment Facility (GEF) convened a panel of companies, small-business innovators, and business representatives highlighting the critical roles played by each in promoting low-carbon innovation and sustainable development.
Opportunities for low-carbon innovation are growing, driven by policy changes, market shifts, and continued growth in energy demand, particularly in developing countries. This Sunday in Rio de Janeiro, ahead of the UN’s “Rio+20” Conference on Sustainable Development, C2ES will have a chance to share what it’s learned about low-carbon innovation with partners from around the world.
With the Global Environment Facility (GEF), we will convene a panel of companies (Johnson Controls, DuPont), small-business innovators (from the Cleantech Open), and government and business representatives (from UNIDO and ABDI) to share stories and lessons from the front lines of clean-tech entrepreneurship. The event, to be held at the U.S. Center pavilion, will examine the keys to successful low-carbon innovation, and the benefits for climate mitigation and adaptation, energy security, resource efficiency, and job creation.
Opportunities for clean-tech innovations are growing, driven by policy changes, market shifts, and continued growth in energy and resource consumption, particularly in developing regions of the world. The next 20 years will be critical for the development, demonstration and deployment of clean technologies that can support climate mitigation and adaptation, energy security, resource efficiency, job creation, and competitiveness. This panel will feature recent projects and lessons learned in promoting low-carbon and clean-tech innovation and entrepreneurship in both established multinational companies and start-ups. Business leaders will discuss the drivers and strategies for developing solutions that reduce GHG emissions at the same time as they bring bottom-line value, improved efficiency, enhanced performance, or competitive edge in a global marketplace. Innovation experts from business and government will describe the steps that can be taken to recognize and support innovation and entrepreneurs in their countries, including the needs for mentorship and incubation for aspiring innovators and small-medium enterprises.
This RIO+20 side event was held on Sunday, June 17, 2012, from 5:00-6:30 pm at the U.S. Center pavilion. Links to PDFs of the presentations are provided below.
- David Rodgers, Senior Energy Specialist, Global Environment Facility
- Meg Crawford, Markets Business Strategy Fellow, Center for Climate and Energy Solutions (C2ES)
- Clay Nesler, Vice President, Global Energy Sustainability, Johnson Controls, Inc.
- Dawn Rittenhouse, Director, Sustainable Development, DuPont
- Rex Northen, Executive Director, Clean Tech Open
- Pradeep Monga, Director, Climate and Energy, United Nations Industrial Development Organization (UNIDO)
- Roberto Alvarez, Agency for Industrial Development in Brazil (ABDI)
This event is organizied by the Global Environment Facility (GEF) and the Center for Climate and Energy Solutions (C2ES)