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The Philadelphia Inquirer, February 15, 2007

A Model of Corporate Action
By Cynthia Henry, Editorial Writer

DuPont has cut emissions that cause climate change 72%. And leads the call for a national pollution plan.

Businesses don't often lobby government for tougher environmental rules. Usually, they fight (or sue) over federal regulation.

But one voice, DuPont, based in Wilmington, leads a corporate chorus calling for a national crackdown on climate change. Forward-looking businesses realize they can't slow global warming alone. They need government to drive technology innovation and maintain economic growth, while slashing tailpipe and smokestack pollution, the leading contributors to global warming.

Not that DuPont hasn't been trying. It crafted one of the best voluntary efforts in the nation - beyond the Bush administration's wildest hopes.

"DuPont understood almost before anyone else that climate change was happening, and that affected what they produced or the way they produced it," said Eileen Claussen, president of the Pew Center on Global Climate Change.

Since 1991, DuPont has cut corporate emissions contributing to global warming 72 percent, saving itself more than $3 billion in energy costs. Along with other corporate leaders, such as BP, Shell and Alcoa, it models best behavior for businesses just writing environmental plans, like Wal-Mart

http://www2.dupont.com/Sustainability/en_US/Newsroom/news/Inquirer_021507.html

Nissan to Showcase Technologies at Eco-Products 2007

TOKYO, Dec. 11, 2007 -- Nissan Motor Co., Ltd. will participate in Eco-Products 2007, Japan's largest annual eco-exhibition, to be held from December 13 - 15, at the Tokyo Big Sight. At the fair, Nissan will showcase a comprehensive range of its original technologies in line with its Nissan Green Program 2010 (NGP2010) goal to help reduce CO2 emissions. Nissan will offer visitors the opportunity to test drive its range of green technologies including the fuel-cell vehicle and clean diesels.

Under its NGP2010 roadmap, Nissan is developing technologies to reach a long-term goal of reducing CO2 emissions by approximately 70% by 2050 compared to 2000 level. In the short- and mid-term, the company is expanding its range of more fuel-efficient and low-emission vehicles. In the long-term, it is working towards more advanced technologies in the direction of electric vehicles. At Eco-Products, Nissan will promote its environmental efforts through various technology displays, inforrmation panels, consumer quizzes and test-drive opportunities.

http://www.autospectator.com/cars/nissan/0035697-nissan-showcase-technologies-eco-products-2007

 

Senate Committee Mulls Cap-and -Trade System

Morning Edition, December 5, 2007 · The Senate Environment and Public Works Committee is due Wednesday to review details of a cap-and-trade system that could help the United States cut greenhouse gas emissions. It creates a financial incentive for emission reductions by assigning a cost to polluting.

The way it works, the government would decide how many tons of greenhouse gases the United States can emit in a given year. Power plants, refineries and some factories would need permits for each ton they pollute. Over time, the total amount of emissions allowed would be cut, so there would be fewer permits. That's the cap.

As for the trade, take two companies that pollute and give each 100 permits. The first company may easily reduce its emissions and find itself with 50 extra permits. The second firm may not find easy ways to reduce emissions and need to increase production, but it will need more permits.

"The first firm would say I have 50 permits to sell and the second firm would say how much would you sell it to me for? And there would be markets in which those firms could undertake that kind of transaction just like there are financial markets today for selling stocks of a firm," said Peter Orszag, director of the Congressional Budget Office.

That's the basic concept. But there are variables for Congress to consider. Chief among them is whether to initially give away the permits to companies or to sell them.

Orszag says it's a big question because of the amount of money at stake. "Our estimate suggests that under many of the proposals under discussion the value of the permits would be between $50 billion and $300 billion a year by 2020."

One advantage of giving them away is political. It will please the companies and attract votes from senators who support coal and other fossil fuel industries.

The draft bill being considered in the Senate committee would start out giving away most of the permits. But by 2036 companies would have to buy the permits from the government through an auction.