Archive for the ‘British Airways’ tag
Why is business calling for carbon caps?
I find it interesting to see corporations strongly come out in favor of a cap and trade scheme on carbon emissions.
Companies involved include Alcoa, British Airways (BA), Deutsche Bank, EDF, Petrobras, Shell and Vattenfall.
They argue that cutting emissions must be made to carry economic advantages.
The business leaders hope their ideas will feed through the G8 into the series of UN climate meetings that are aiming to produce a successor to the Kyoto Protocol when its current targets expire in 2012.
While there are some who feel the cap and trade system must become a reality (Fred Krupp talks about this in his latest book Earth: The Sequel). I can’t help but think that the reason corporations are now calling for cap and trade is because they see the writing of eventual regulation on the wall. Therefore, for them it is better to come out ahead of this inevitability and get something weaker in place now.
