Climate initiative published in the U.S.A.

His Majesty King Carl XVI Gustaf of Sweden opened a seminar in Washington D.C. Friday, where
a group of 46 leading international companies called on governments to work together to develop a global policy framework to combat climate change.

Heads of the companies – based in North America, Europe, Asia and Africa – issued a statement in Washington urging governments around the world to take a series of steps to address climate change.

The companies, from industrial, energy, financial, insurance, power, transportation and media sectors, have combined in an international business initiative called Combat Climate Change (3C). In advance of the upcoming climate change negotiations in Bali, Indonesia, the group is recommending specific action steps that world governments should make a priority in taking urgent action against the global climate problem.

Lars Josefsson, president and chief executive officer of Vattenfall and founder of the 3C initiative, said:

“Industry can and should be an ally, not an obstacle, to addressing the very real climate problem. But the initiative must be taken not by one industry, but by all of us working together: the global challenge of combating climate change requires a global solution.”

The 3C Roadmap calls on governments

o To set a global goal of a maximum acceptable temperature increase and derive global emissions targets from this goal.

o To establish policies to enable changes driven by the marketplace including:
· Creation of a stable global market for emissions trading.
· Minimum requirements for energy and resource efficiency (with a focus on transportation and building).
· Targeted systems to address forestry and agriculture.
· Support programs for high-impact technologies such as solar photovoltaic, carbon capture and storage, offshore wind and cellulosic ethanol.

The 46 3C member company signatories to the Roadmap believe governments must also share the burden of adaptation to the inevitable impacts of some climate change in a fair manner that reflects the global nature of the climate challenge.


For more information,
or to view a copy of the Roadmap in full, visit the 3C web site at
www.combatclimatechange.org

You may also contact:
Martin May, Head of Media Relations, telephone: +46 (0)8 739 52 70.
Arne Mogren, Head of Vattenfall’s Climate Office, telephone: +46 (0)8-739 52 34.

From Vattenfall's Press Office, telephone: +46 (0)8-739 50 10.