Senators Convene Climate Experts to Discuss Path to Low Carbon Economic Recovery
Many of the participants stressed that action to reduce greenhouse gas emissions should not be delayed by the global economic downturn because it provides an opportunity to lay the foundations for a sustainable recovery based on low-carbon growth.
The symposium, “U.S. Climate Action: A Global Economic Perspective” was convened by Senators
During the opening session, the former UK Prime Minister,
Mr. Blair said that the U.S. can send an important signal to the world about the importance they place on tackling global climate change through the progress it makes on its domestic climate policy over the next few months.
Senator Bingaman said “Today’s bipartisan gathering of leaders to discuss how to move climate policy forward in the current economic crisis is constructive. A responsibly-designed national climate policy will create economic opportunities and jobs and spur investment in low-carbon technologies that will make U.S. businesses more competitive. The costs of climate policy can be mitigated with the right policy measures, and we need to move ahead with both energy policies and a national cap and trade program to sustain these investments.”
“This was a great meeting where we discussed the key issues surrounding climate change policy with international leaders, such as former Prime Minister
There was strong agreement about the importance of boosting economic growth and combating climate change at the same time, and participants recognized that low-carbon investments will not only be good for jobs and economic recovery but will also improve the country’s energy security and begin to cut its greenhouse gas emissions.
Lord Stern added: “Low carbon growth is the only growth story, because high carbon growth would eventually choke itself off. The world would react strongly to an America lead as we go forward to build an international deal at the United Nations climate change conference in
Nobel Prize winning U.S. economist Professor
Secretary of State
The event was organized by three leading
About the Partners
1. The Center for Global Development is an independent think tank that works to reduce global poverty and inequality by encouraging policy change in
2. The Peterson Institute for International Economics is the only research institution in
3. The World Resources Institute is an environmental think tank that goes beyond research to find practical ways to protect the earth and improve people’s lives. www.wri.org
4. The Grantham Research Institute on Climate Change and the Environment was established in 2008 at the
Further information available at www.usclimatesymposium.com
SOURCE Center for Global Development