A Copenhagen treaty on climate change this year could triple revenues for its energy industry.
Move over Kyoto. Business leaders and politicians in Copenhagen, Denmark are pressing ahead with plans to create a more comprehensive international agreement on capping green-house emissions than the one signed in the Japanese city more than a decade ago. But the Danes aren't just trying to be climate friendly - a new treaty this December could lead to billions more in investment in Denmark's already-booming renewable energy sector.
More than 500 top executives from utilities, electric car, solar and wind power companies called on Tuesday for tough targets to slash carbon emissions at a conference organized by the Climate Consortium Denmark, a public-private partnership. The organization is hoping its December summit will act as a platform for a climate change treaty that includes more than the current, three dozen industrialized countries that signed the Kyoto agreement in December 1997. Under that agreement, industrialized nations agreed to reduce their collective green-house emissions by 5.2% compared to 1990.
See full Article.
Posts
