TEXT OF STORY
Bob Moon: Some 30 corporate executives and environmental leaders head to Washington today united behind this message: cap greenhouse gas emissions now. And the coalition, which includes players like GE, Duke Energy, and the big three automakers, says the tanking economy only bolsters their case. From the Marketplace Sustainability Desk, Sam Eaton reports.
Sam Eaton: The 32 members of the U.S. Climate Action Partnership want Congress to pass legislation that would cut CO2 emissions 14 [percent] to 20 percent over the next decade, and 80 percent by mid-century.
Jonathan Lash: That’s a pretty complete change from business as usual.
That’s Jonathan Lash, head of the World Resources Institute. He says businesses are making decisions today about how to invest in a clean energy future. And without a clear price for carbon, that money — and the jobs it would create — may not be spent.
Lash: There’s an enormous carbon question hanging over all these decisions, and it’s a carbon question that can only be answered by Congress.
The coalition, including the World Resources Institute, favors a mandatory cap and trade system rather than a carbon tax, because it would set specific targets for emissions reductions. He says that would make planning easier for the group’s members, which represent just about every sector of the economy.
I’m Sam Eaton for Marketplace.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.