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A leading CEO group wants the federal government, including Congress, to enact market-based climate-change policies largely in line with those laid out in the voluntary Paris pact that President Trump has abandoned. That includes attaching a price to carbon.
In a release Wednesday, Business Roundtable members are calling on the private and public sectors to work together to limit the global temperature rise this century to well below 2 degrees Celsius above pre-industrial levels, consistent with the goals of the multi-country Paris Agreement. In the U.S., this means reducing net-greenhouse gas emissions by at least 80% by 2050 as compared to 2005 levels. It’s an attitude shift that has evolved in the decade or so since Congress tried to advance comprehensive climate-change legislation and the last time the Roundtable issued guiding principles on climate in 2007, although some individual corporations have pushed ahead with their own plans for promoting renewable energy use or limiting pollution. Trump pulled the U.S. from the Paris deal primarily citing non-compliance from big emitters China, India and Brazil. The Business Rountable is also in support of placing a federal price on carbon “where feasible and effective.” A unified carbon market has had trouble getting off the ground …
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