US CEOs believe technology will eventually solve climate change
The Business Roundtable (BRT), an association of CEOs of leading US corporations, has called on government to assist in the development of new technologies to deal with climate change. The report states that technology will not be of use in meeting the Kyoto Protocol, and reasserts the organisation's opposition to the treaty whose aim is to reduce CO² emissions.
The Role of Technology in Responding to Concerns About Climate Change report asserts that the combined power of government and business will be necessary to support technological advances aimed at solving climate change. Instead of focusing on CO² emission reductions, as the Kyoto Protocol demands, BRT believes government should focus on promoting the commercialisation of new and emerging technologies.
According to BRT, CO² reduction will harm the global economy while investment in technology will not: “We believe it will be some time before we understand whether the range of potential impacts from greenhouse gases will be severe or trivial. Accordingly, the BRT believes that this time should be used aggressively and sensibly to foster long-term technology advancement and commercialisation.”
The BRT is organised around a single objective: “to promote policies that will lead to sustainable, non-inflationary, long-term growth in the US economy.”