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December 18, 2007


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Two Weeks in Bali: Any Real Progress?

The U.S. has fended off European attempts to set binding commitments and China and other developing nations have agreed to seek ways to make "measurable, reportable and verifiable" emission cuts. Is this progress? If by "progress" we mean ensuring that we have another two years to negotiate a long-term global plan to address climate change, then yes. But as the world negotiates for another two years, what happens?

Well, business continues to move forward on climate — because it has to.

The state of California won a major victory last Wednesday when a federal judge ruled that states can regulate greenhouse gas emissions from new cars and light trucks, dismissing a lawsuit by automakers that claimed federal regulations pre-empt state regulations.

In a recent interview, Jeffrey Immelt discussed the three big themes that drive the world economy - one of them being the environment and society's commitment to environmental issues. GE continues to move ahead with Ecomagination, its business strategy to sell products that reduce greenhouse gas emissions and improve energy efficiency (and cut the company's own greenhouse gas emissions by 1% each year).

As governments of the world negotiate, local governments will continue to move ahead on emissions regulations — and companies will move ahead in developing new products and services to address the risks and opportunities of climate change. The business world is not waiting for an agreement.

~Will Sarni, CEO, DOMANI, and SLM Advisor

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This Week's Top News...

Bali Negotiators Agree on Roadmap to New Climate Pact
The United Nations climate talks in Bali, Indonesia, have wrapped up with 190 nations agreeing on next steps toward an international climate pact to pick up where the Kyoto Protocol leaves off. The final draft agreement sets the stage for negotiations on a new treaty to take effect in 2013. Read more...

DHL, USPS Named Greenest Shippers; FedEx, Not So Much
DHL and the U.S. Postal Service have the strongest commitment to climate protection in the shipping sector, according to new rankings from the nonprofit Climate Counts. FedEx made the naughty list this year, coming in last out of 60 companies. Read more...

IKEA, Tesco, M&S Headline London's New Carbon-Cutting Scheme
Large companies including IKEA, Tesco, and Marks & Spencer have agreed to a carbon-cutting mentorship program aimed at reducing greenhouse gas emissions in the British capital. The new Green 500 program, introduced by London mayor Ken Livingstone, offers practical guidance and support for big businesses to reduce their carbon footprint. Read more...

Global Steel Co. Commits $890 Million to CO2 Cuts
JFE Steel Corporation, the world's third-largest steel manufacturer, has pledged $890 million over the next three years to reduce emissions and save energy. The move is part of a $5 billion allocation to boost production as the steel industry struggles with increasing demand from the transportation sector. Read more...

Land Rover Portland First U.S. Auto Dealer to Offset Drivers' Emissions
Land Rover Portland has become the first U.S. car dealership to provide a carbon offset program for its customers. For every new and used Land Rover sold, the dealership will offset carbon emissions for 50,000 miles driven. Read more...

U.S. Carbon Exchange to Launch in 2008
The New York Mercantile Exchange has partnered with Evolution Markets, an environmental products and energy brokerage, to launch a global carbon-credit exchange in the U.S. Read more...


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The Tug Toward Sustainability — and Profit

A hybrid tugboat is the flagship of an extensive green strategy for Foss Maritime, whose fleet is responsible for bringing large container ships into the well-trafficked ports of Los Angeles and Long Beach. In this interview, Susan Hayman, the company's VP of health, safety, quality, and environment, explains why Foss made an early commitment to sustainability, and talks about what's next for the maritime industry. (IndustryWeek) Read more...

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This work is licensed under a CreativeCommons License. Copyright Sustainable Life Media Inc. 2007
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