Akinco Chemical Inc., which owns the chemicals division of a chemical manufacturing company in California, has joined a coalition of corporations that has said it will not buy new CO2-emitting technology unless the world adopts carbon pricing.
The announcement was made in an online forum hosted by a nonprofit organization called Carbon Tracker that has been tracking carbon emissions.
“The climate is changing, and the CO2 emissions are not just happening in China but around the world,” Carbon Tracker CEO Jeff Beaudry said.
“The stakes are high.”
He said that in order to ensure a stable global climate, it’s critical that we have a clean, efficient and affordable way to move to a low-carbon economy.
Beaudry noted that a large number of companies in the chemical manufacturing industry have already committed to carbon pricing, and added that many of those companies are already working to reduce emissions.
“In addition to CO2 emission reductions, many companies have already invested in technologies that can reduce CO2, including energy-saving technologies that are currently being used to reduce COI emissions,” he said.
“As we move forward with the transition to a clean energy economy, it is important that we invest in carbon-free technologies that will provide us with the ability to transition away from fossil fuels.”
We will be investing in these technologies to ensure that the transition will be rapid and seamless.
“Beaudy said that the coalition of companies that signed onto the alliance are “firmly committed to meeting the climate and energy demands of the future.
“”This is an opportunity for all of us to collaborate, and we look forward to working with these companies in this effort,” he added.
Akinco Chemicals said in a statement that the alliance would “ensure that we’re not buying a new technology unless we see an immediate and sustained reduction in emissions.”
The company said that it would continue to work with the Clean Air Task Force and other stakeholders to make the transition as smooth as possible.
The company did not say what its pledge would be.
At the same time, the company said it would be reviewing its business in the United States, as well as Europe and Japan.
Akincomco said it was joining the coalition, which has a membership of more than 150 companies, and that it is committed to making the transition into a carbon-neutral economy.