A group of leading and innovative companies have joined together to recommend national legislation to slow, stop and reverse the growth of greenhouse gas emissions. And a national cap-and-trade carbon reduction system using precision technology is at the heart of the program.
Robert W. Lane, chairman and chief executive officer of Deere & Company, joined other business leaders in Washington D.C. recently to unveil the U.S. Climate Action Partnership’s “Blueprint for Legislative Action.” The blueprint is a comprehensive and detailed set of integrated policy recommendations for developing legislation that would create an environmentally effective and economically sustainable national climate protection program.
“We are pleased that USCAP has reached consensus on a comprehensive Blueprint for Legislative Action which reinforces our commitment to slow, stop and reverse the growth of greenhouse gas (GHG) emissions. In order to effectively address climate change internationally, the U.S. must play a leading role. Significant cost savings to the overall cap- and-trade system can be realized by utilizing robust levels of offsets, both domestically and internationally, as this Blueprint reflects.
“The agriculture, forestry, and land use sectors have the potential to reduce and sequester a significant portion of the nation’s total greenhouse gas emissions, as well as generate renewable energy and produce low-carbon fuels. A robust emissions offset program established from the outset of cap-and-trade will create opportunities to reduce emissions or increase sequestration practices that can generate revenue for rural communities, provide multiple environmental and social benefits, improve air quality, and ensure cost-efficient emissions reductions.”
This effort includes 26 companies and five environment groups as members. Business leaders from these committed companies participated in Congressional briefings and a public press conference to announce the blueprint.
For more information, visit www.us-cap.org.