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Pitch
Make public their risk assessments on the impacts from climate change. Cite science .
Description
Summary
- The fossil fuel industry must take the stewardship lead on reducing GHGs from their fuel products . Esp natural gas for large electricity generators eg Utilites & Corp.
- The FFI has the expertise and resources & capability to lead this huge effort. Otherwise they will be a multi trillion $ barrier to any progress.
- First: Make public their risk assessments based on the climate science. with references. this is a focus on science not why society needs energy. Obtain public input .
- Sr leadership sets commitments and goals and time frame (5-10-20 yr) for reductions. Provide funding and resources . make goals & annual progress public.
- Each bus unit provides annual reduction proposals and metrics of progress. leadership compensation uses this as part of calculation.
- Third party audits of programs & progress
- Federal govt provides % funding for technology, etc that provides significant step changes in GHG reductions. This can include techniques to capture & sequester carbon.
Category of the action
Reducing emissions from electric power sector.
What actions do you propose?
- Senior leadership committment
- make public risk assessments of the science
- set goals and time lines (5-10-20 yr) & metrics for each bus unit.
- provide funding and resources
- Annual reporting of progress
- third party audits
- share with public
- Federal govt help share cost in break thru technologies
Who will take these actions?
- Each Corporation will steward their products and risk assessments
- trade associations should help coordinate efforts and science info and help as necessary.
Where will these actions be taken?
- the focus is on the large users of nat gas and oil and coal for electricity generation
- GHG reductions may take place at the customers locations or anywhere as long as reduced or carbon is sequestered.
How much will emissions be reduced or sequestered vs. business as usual levels?
- Each company with help from trace associatoins will determine realistic time lines.
- the public can provide input
- the rate of GHG reductions depends on the impacts from risk assessments.& costs
What are other key benefits?
- industry helps lead this transition to much lower carbon energy
- goal is that in 50 yrs. GHG emissions are 20 % of 2014 emisisons.
What are the proposal’s costs?
- Obviously very large but depends on the risk assessment and how much fast the reductions need to occur before unacceptable impacts occur.
Time line
- Corp committment and goals by 2015.
By:
Ethical energy
