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ERMUSR MISC MEMO 05-13-2008
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ERMUSR MISC MEMO 05-13-2008
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5/13/2008
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If we fully implement our new strong laws, adhere to the principles that I've outlined, and adopt appropriate <br />incentives, we will put America on an ambitious new track for greenhouse gas reductions. The growth in <br />emissions will slow over the next decade, stop by 2025, and begin to reverse thereafter, so long as technology <br />continues to advance. <br />Our new 2025 goal marks a major step forward in America's efforts to address climate change. Yet even if we <br />reduced our own emissions to zero tomorrow, we would not make a meaningful dent in solving the problem <br />without concerted action by all major economies. So in connection with the major economies process we <br />launched, we're urging each country to develop its own national goals and plans to reduce greenhouse gas <br />emissions. <br />Like many other countries, America's national plan will be a comprehensive blend of market incentives and <br />regulations to reduce emissions by encouraging clean and efficient energy technologies. We're willing to <br />include this plan in a binding international agreement, so long as our fellow major economies are prepared to <br />include their plans in such an agreement. We recognize that different nations will design different strategies, <br />with goals and policies that reflect their unique energy resources and economic circumstances. But we can only <br />make progress if their plans will make a real difference as well. <br />The next step in the major economies process is a meeting this week in Paris -- and I want to thank my friend, <br />President Sarkozy, for hosting it. There, representatives of all participating nations will lay the groundwork for <br />a leaders' meeting in conjunction with the G8 summit in July. Our objective is to come together on a common <br />approach that will contribute to the negotiations under the U.N. Framework Convention of global climate once <br />the Kyoto Protocol expires in 2012. This approach must be environmentally effective and economically <br />sustainable. <br />To be effective, this approach will -- this approach will require commitments by all major economies to slow, <br />stop, and eventually reverse the growth of greenhouse gas emissions. To be economically sustainable, this <br />approach must foster the economic growth necessary to pay for investments in new technology and to raise <br />living standards. We must help countries in the developing world gain access to the technologies, as well as <br />financing that will enable them to take a lower carbon path to economic growth. <br />And then there will be the major economies leader meeting in July -- that's the one I'll be going to -- where we <br />will seek agreement on a long-term global goal for emissions reductions, as well as an agreement on how <br />national plans will be part of the post-2012 approach. We'll also seek to increase international cooperation <br />among private firms and governments in key sectors such as power generation, auto manufacturing, renewable <br />fuels, and aluminum and steel. <br />We will work toward the creation of an international clean technology fund that will help finance low-emissions <br />energy projects in the developing world. We'll call on all nations to help spark a global clean energy revolution <br />by agreeing immediately to eliminate trade barriers on clean energy goods and services. <br />The strategy I have laid out today shows faith in the ingenuity and enterprise of the American people -- and <br />that's a resource that will never run out. I'm confident that with sensible and balanced policies from Washington, <br />American innovators and entrepreneurs will pioneer a new generation of technology that improves our <br />environment, strengthens our economy, and continues to amaze the world. <br />Thanks for coming. (Applause.) <br />END 3:03 P.M. EDT <br />
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