COPENHAGEN (AP) — Climate-change heavyweights U.N. chief Ban Ki-moon
and Nobel prize winner Al Gore urged more than 500 business leaders on
Sunday to lend their corporate muscle to reaching a global deal on
reducing greenhouse gases.
The CEOs of PepsiCo, Nestle, BP and
other of the world's major businesses began meeting in Copenhagen,
where politicians will gather in December to negotiate a new
U.N.-brokered climate treaty.
Despite the global financial
crisis, both Ban and Gore said there was no time for delay in hashing
out the specifics of how to cut greenhouse gases that contribute to
warming the planet.
"We have to do it this year. Not next year.
This year," Gore said. "The clock is ticking, because Mother Nature
does not do bailouts."
The three-day World Business Summit on
Climate Change is a precursor to the negotiations to determine what
will succeed the Kyoto climate treaty that expires in 2012.
"Continuing
to pour trillions of dollars into fossil-fuel subsidies is like
investing in subprime real estate," Ban said. "Our carbon-based
infrastructure is like a toxic asset that threatens the portfolio of
global goods, from public health to food security."
A new global
warming treaty would build on the Kyoto treaty's mixed success in
requiring that 37 industrialized nations reduce greenhouse gas
emissions an average of 5 percent below 1990 levels by 2012.
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