FOR IMMEDIATE RELEASE
U.S. EPA’s issuance of the first-ever Carbon Pollution Standard for New Power Plants
Statement by Mindy S. Lubber, president of Ceres and director of the Investor Network on Climate Risk
Ceres applauds the Environmental Protection Agency (EPA) for releasing, for public comment, its historic proposal to limit carbon pollution from new power plants under the Clean Air Act.
Ceres supports this new standard because it will provide certainty to businesses and investors, clarify the risks and opportunities for the U.S. electric power sector, and serve as a long-term market signal to drive greater investment in lower-carbon electric power generation.
The new standard reinforces what forward-looking businesses and investors in the Ceres network already know, namely that climate change poses real financial risks and opportunities and that the future growth of the electric power sector depends on investing in cleaner technologies and more efficient resources -- investments that create jobs and economic opportunities.
Ceres is an advocate for sustainability leadership. Ceres mobilizes a powerful coalition of investors, companies and public interest groups to accelerate and expand the adoption of sustainable business practices and solutions to build a healthy global economy. Ceres also directs the Investor Network on Climate Risk (INCR), a network of 100 institutional investors with collective assets totaling more than $10 trillion. For more information, visit www.ceres.org and www.incr.com.