The Intergovernmental Panel on Climate Change today released a report that outlines options for addressing global warming. According to the report, global warming can be stopped for 0.1 percent of the world’s Gross Domestic Product per year. Emissions would have to begin to decline before 2015 and 50 to 85 percent of CO2 emissions would have to be cut by the middle of this century, according to the Summary for Policy Makers released today. Doing nothing will cost up to 20 times more and bring about suffering and hardship, according to the most recent science.
"This report shows that the cost of acting today to reduce emissions is small compared to the cost of inaction," said Richard Mott, Vice President for International Policy at World Wildlife Fund. "We know the steps that must be taken to impact global climate change. The catch is that we need to act now."
Business leaders are available to comment on the report and discuss how to reduce emissions while still making a profit.
World Wildlife Fund - Carter Roberts, President and CEO of World Wildlife Fund
Dr. Lara Hansen, Chief Climate Scientist
Richard Mott, Vice President, International Policy
IBM - Edan Dionne, Director, Corporate Environmental Affairs
HP - John Frey, Manager, Corporate Environmental Strategies.
Nike - Sarah Severn, Director of Nike's Corporate Responsibility Horizons
Johnson & Johnson - Dennis Canavan, Executive Director of Worldwide Energy Management
Tetra Pak, Inc. - Ed Klein, Vice President of Environmental Affairs. Tetra Pak, Inc. is a multi-national food packaging company with more than 20,000 employees operating in more than 165 markets.
Catalyst Paper Corporation - Lyn Brown, Vice President Corporate Affairs & Social Responsibility. Catalyst is world’s largest manufacturer of paper for telephone and other directories.
Allianz - Sabia Schwarzer, Vice President, Communications. Allianz, one of the world’s largest providers of insurance and financial services.
Florida Power & Light – Ray Butts, Manager of Environmental Services, FPL Group Inc.
Twelve major corporations in WWF’s Climate Savers Program are on course to eliminate at least ten million tons of CO2 emissions annually by 2010. If an additional 1,300 large companies joined them, current emission reduction targets set out in the Kyoto Protocol could be achieved.
• World emissions in 1990 were at 22 billion tons of CO2 (Source: CAIT 4.1). The Kyoto reduction target determines that the 35 industrialized countries named in Annex B of the protocol need to reduce 5 per cent of global emissions from 1990 levels. That is 1.1 billion tons of CO2. Twelve WWF Climate Savers companies have reduced 10 million tons of CO2 — an average of 833,333 tons per company. To achieve the 1.1 billion tons reduction on that average base, 1,320 large companies would have to make similar efforts.
• As part of its Climate Savers Program, WWF has agreements with numerous corporations committed to innovative emission reductions. The companies include: Johnson & Johnson, IBM, Nike, Polaroid, Collins, Xanterra (United States), Sagawa, Sony (Japan), Lafarge (France), Catalyst (Canada), Tetra Pak (Sweden), and Novo Nordisk (Denmark).
Working Group III of the IPCC is the latest Summary for Policy Makers - Climate Change 2007: Mitigation of Climate Change. See www.ipccinfo.com for additional information.
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