- Jan 12, 2005
- 9,500
- 6
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This is HUGE. Somehow those evil climate-hoax conspirators got to the top-brass at Exxon. It's the puppet-masters all over again.
Society faces a dual energy challenge: We need to expand energy supplies to support economic growth and improve living standards, and we must do so in a way that is environmentally responsible.
One of the most critical parts of meeting this dual challenge is to understand and address the risks posed by climate change. We believe that the risks of climate change warrant action.
Sound climate policies
Technological advancements that change the way we produce and use energy will be instrumental to providing the global economy with the energy it needs while reducing greenhouse gas emissions. And history has shown that open, competitive markets create strong incentives for industry to invest in and develop breakthrough technologies.
Ultimately, however, the ability to pioneer and deploy advanced technologies to address the dual energy challenge will depend on whether or not governments adopt sound and effective policies that enable sustained investment, collaboration, and research.
We believe that effective policies will be those that:
- Promote global participation;
- Let market prices drive the selection of solutions;
- Ensure a uniform and predictable cost of GHG emissions across the economy;
- Minimize complexity and administrative costs;
- Maximize transparency; and
- Provide flexibility for future adjustments to react to developments in climate science and the economic impacts of climate policies.
When such principles inform public policy, they minimize overall costs to society and allow markets, not regulators, to determine the technologies that will be most successful. They also help long-term policies align with differing national priorities as well as adapt to new global realities.
The goal of climate policies should be to reduce the risks of serious impacts to humanity and ecosystems at minimum societal cost, while recognizing other societal priorities, including the importance of abundant reliable and affordable energy to enable improved global living standards.
Policymakers around the world currently are considering a variety of legislative and regulatory options to achieve these ends. Among the various proposals, ExxonMobil believes a revenue-neutral carbon tax would be a more effective policy option than cap-and-trade schemes, regulations, mandates, or standards. A properly designed carbon tax can be predictable, transparent, and comparatively simple to understand and implement.