The World Economic (COPY)

The World Economic CEO Climate Policy Recommendations International business leaders, together with governments and climate specialists, drew up a comprehensive set of business recommendations on a post-2012 framework for global climate policy. The CEO Climate Policy Recommendations to G8 Leaders informed G8 leaders’ climate change discussions at their Hokkaido-Toyako summit in July 2008. 100 CEOs of global companies endorse detailed statement, representing all sectors and regions and collectively more than 10 percent of the value of the world’s publically quoted firms “Environmentally effective and economically efficient” framework proposed to succeed Kyoto Accord Call for both long-term and practical medium-term targets, “such as the aspiration to at least halve greenhouse gas emissions by 2050” New public-private agenda for a combined top-down/bottom-up approach to reducing global emissions A Steering Board consisting of the following World Economic Forum Industry Partner companies guided development of this CEO statement for the G8: Alcoa (USA), AIG (USA), Applied Materials (USA), Basic Element (Russian Federation), British Airways (UK), Deutsche Bank (Germany), Duke Energy (USA), Electricité de France (EdF) (France), Eskom (South Africa), Petrobras (Brazil), RusHydro (Russian Federation), Royal Dutch Shell (Netherlands), Telstra (Australia), Tokyo Electric Power (Japan), TNT (Netherlands), Vattenfall (Sweden).