The Climate Group and US business leaders get behind $100bn US climate commitment
- 19 December 2009
US Secretary of State Hillary Clinton announced on Thursday that the US would contribute to the $100 billion per year needed by 2020 to help developing countries reduce their emissions and adapt to climate change.
The Climate Group and US business leaders support this commitment.
Steve Howard, CEO of The Climate Group says: "Hillary Clinton's $100bn commitment is not about giving away tax-payer money, but about securing an effective global deal. It will lock in both the developed and developing world and give certainty and confidence to the international market and to US businesses that climate policy is coming.
"The businesses we work with in the US and elsewhere want clear signals from government leaders so they can scale up investments and create the green jobs, products and services, we all need to address climate change and grow the economy."
Jeffrey Swartz, President and Chief Executive Officer, The Timberland Company and member of The Climate Group's international coalition of business leaders said: "We support the US commitment to contribute to the $100 billion per year needed by 2020 to help developing countries reduce their emissions and adapt to climate change because it is exactly what is needed to create a truly global effort to solve climate change.
"It represents real leadership on behalf of the US."