US Should Lead in Climate Change Policy
Late last Friday, the U.S. House of Representatives passed comprehensive energy and climate change legislation that would set our country on a path to reduce its emissions to 83% below 2005 levels by 2050, among other things. If it becomes law, this bill will mark an historic milestone for U.S. climate change policy; one that will help pave the way for the Obama Administration to take a lead role in the upcoming global climate change negotiations this December in Copenhagen, Denmark. Cisco supported the passage of the American Clean Energy & Security Act. We firmly believe that innovation and technological advancement will transform how the world manages its energy and environmental challenges. This bill will help ensure enhanced investment in clean tech and energy innovation, helping solidify American leadership in this expanding market, and fast-tracking important technologies that will secure our energy and environmental future. This is vital for U.S. companies and U.S. investment.The legislation also includes elements designed to spur innovation, create jobs and recognize the economic power of growth in the low-carbon economy like: a market-based cap-and-trade system, new renewable energy generation requirements for utilities and the ability to use efficiency savings to meet these targets; a systems for crediting offsets; improved financing for renewable energy deployment; incentives for greater energy efficiency in homes and commercial buildings; grants for green jobs; provisions to spur deployment of emerging technologies like distributed generation solar facilities and many more. Going green isn’t easy but it is transformational. Government must lead and ensure the framework and incentives are right and this bill does just that. It creates a good framework for moving forward on this seminal issue, and is a vital step in America’s leadership position in environmental, energy, and energy security policy. We urge the Senate to pass the American Clean Energy & Security Act later this summer.