Reuters say that administration of Obama is going to improve private commitments to climate change before the summit which is going to take place in Paris in later 2015. Media reports tell that the massive US corporate giants Google, Apple, Microsoft, Goldman Sachs and Berkshire Hathaway are going to invest at minimum $140bn (€127.4bn, £90.2bn) to shrink carbon footprints.
The White House is happy to announce that America’s carbon emissions decreased from 25 to 27 percent before 2025.
Since there has been launched American Business Act on Climate Pledge, the biggest 13 companies signed up to the country’s decision regarding the climate change.
As it was mentioned before, among the supporters there were observed Bank of America, Apple, Goldman Sachs and Berkshire Hathaway. All these companies along with the other 9 giants agreed to give $140 billion as a low carbon investment and provide efficiency gains where possible.
It was said in the statement of White House: “We understand that any delay in the climate change issue will cost us a lot in both human and economic terms, and accelerating the transition to a so-called low carbon economy will be absolutely beneficial for public health, sustainable economic growth, resilience to natural disasters as well as for global environmental health.” There was also noted that hundreds of local governments, private companies and other foundations made a big step forward for increasing energy efficiency, improving low-carbon investing and making solar energy more accessible for Americans with low income.
America has confirmed the emissions reduction from 25 to 27 percent before 2025, going by 2005 levels. That is the emissions pledge and national climate action plan of the country which has been submitted this year. Among the latest speeches there was an announcement regarding the private sector’s commitment to this end, and it also raises some hopes that others will follow suit, and other companies are also expected to become a part of the new American Business Act on Climate Change this autumn.
Besides the announced $140bn used as a low-carbon investment, the biggest companies have also agreed to adjust 1,600MW of extra capacity. At the same time, there were cut emissions as much as 50%, the intensity of water as much as 15% and almost zero for deforestation in the supply chains.
Highlights:
Bank of America
Apple
Berkshire Hathaway Energy
Goldman Sachs
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