This week, the White House initiative aimed at pooling private commitments for carbon footprint decreasing registered a success.
13 U.S. corporations pledged over 140 billion dollars in new investments to support the White House initiative and their own decrease of the carbon footprint. The success comes little ahead the much-expected U.N. Climate Summit taking place this winter in Paris.
Among the corporations pledging their financial support to the cause of carbon footprint decreasing, the list included Goldman Sachs Group Inc, Apple Inc., and Berkshire Hathaway Energy Co., companies that were also present at the official announcement, alongside John Kerry, Secretary of State.
More companies are expected to join the pledge until fall, when the White House would make a new announcement concerning the cause.
Not only are these companies the frontrunners of environmental efforts at the moment, but their pledge translates into reducing water consumption and sustained efforts to reach the goal of producing a total of 1,600 megawatts of energy from renewable sources. 1.3 million households would benefit from this amount of energy overall.
The pledge involving 13 corporations so far is a spearhead for President Obama’s continued involvement and effort to create a lasting legacy for tackling climate change and global warming.
As the U.N. Climate Summit is nearing, more hopes are deposited that a defining and momentum-shifting climate accord would finally be written black on white. Companies are increasingly starting to take the lead in the talks, trying to set an example for world governments to follow.
And hopefully, more will join the 13 in order to define a movement aimed at cutting climate impact of business operations, and setting a line to follow for world governments as well. President Obama’s push for climate aware business and actions might be the building stone of a presidential legacy, but it is also imprinting its mark on the upcoming presidential campaign.
Thus, Hillary Clinton, favorite frontrunner of the Democratic Party, has expressed her open support for what President Obama is currently sketching, stating at the same time that she would build upon the President’s efforts for an overarching, lasting strategy. The statement came with the release of the energy strategy.
As the Clinton strategy is still under review, the White House remains supportive of all efforts aimed at reducing greenhouse gas emissions and thus the impact on climate.
One strong example comes from Alcoa Inc.. The company pledged as part of the 13-agreement to reduce the corporation’s emissions by 50 percent compared to 2005 levels.
Another example is that of Cargill Inc. that has pledged 18 percent of energy use to be derived from renewable energy sources.
As the second half of the year is drawing to a close, more commitments are awaited.
Photo Credits macrumors.com
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