Climate Mitigation Technology

It’s been a big week in the Big Apple for climate change, with a number of key initiatives unveiled at the C40 Large Cities Climate Summit 2007. First, the announcement of a major partnership between 16 of the world’s largest cities, five banks, four multinationals and the Clinton Foundation to retrofit buildings in urban areas and reduce carbon emissions. Funded by a hefty $1 billion from the banks it’s hoped the use of more energy efficient products in retrofitting existing buildings will lead to energy savings of 20 to 50 percent. A second initiative announced yesterday will see Microsoft team up with the Clinton Foundation to develop online tools to help cities more accurately monitor, compare and reduce their greenhouse gas emissions. These new software tools, available by year-end, will be developed in conjunction with the ICLEI – Local Governments for Sustainability, and the Center for Neighborhood Technology. The idea is for Microsoft to develop a single Web solution to allow cities to clearly understand their environmental footprint so they can improve their energy efficiency and reduce carbon emissions. An interesting step. For our industry’s part, the Summit included a speech by Swiss Re’s Roger Ferguson, who spoke of a public/private partnership approach to climate change.  

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