Ceres joins forces with five leading US companies in new climate change coalition
Five leading US consumer products companies have joined with Ceres, a Boston-based coalition of investors, environmental groups and other public interest groups, in the formation of a new business coalition that calls for early passage of climate and energy legislation in the US.
Five leading US consumer products companies have joined with Ceres, a Boston-based coalition of investors, environmental groups and other public interest groups, in the formation of a new business coalition that calls for early passage of climate and energy legislation in the US.
The charter members of Business for Innovative Climate and Energy Policy (BICEP) --Levi Strauss, Nike, Starbucks, Sun Microsystems and Timberland-will join with Ceres in working with US policymakers to achieve climate and energy policies that encourage energy efficiency, renewable energy, and green jobs.
BICEP is promoting eight key principles that it hopes will help shape Congressional action on energy and climate change legislation.
The principles include greenhouse gas reduction targets of at least 25% below 1990 levels by 2020, and 80% below 1990 levels by 2050; an economy-wide greenhouse gas cap-and-trade system that auctions 100% of carbon pollution allowances; aggressive energy efficiency policies; promotion of fuel-efficient vehicles and transit-oriented development; increased investment in renewable energy, while eliminating subsidies for fossil-fuel industries; stimulation of job growth through investment in green-collar jobs; a national renewable portfolio standard of 20% of electricity from renewable sources by 2020; and limitations on construction of new coal-powered plants.
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Source: WBCSD