In Asia, Obama says climate action will be good for business
Topics: From the Wires, News
MANILA, Philippines (AP) — Weeks away from a deadline, President Barack Obama sought to build momentum Wednesday for a potentially legacy-burnishing global climate change agreement by arguing that bold climate action will be a boon for businesses in Asia and around the world.
At a meeting of chief executives in this Southeast Asian capital, Obama urged business leaders to reduce emissions in their operations and use their sway to pressure governments to sign on to the international pact. Obama and dozens of other leaders are slated to convene in Paris at the end of the month to finalize the carbon-cutting deal.
“Your businesses can do right by your bottom lines and by our planet and future generations,” Obama said. “The old rules that said we can’t grow our economy and protect our economy the same time — those are outdated.”
The CEOs gathered on the sidelines of the Asia Pacific Economic Cooperation summit, an annual forum for 21 member nations typically used to hash out the region’s overlapping economic interests.
This year security issues seeped onto the agenda. In the wake of the brutal attacks in Paris, talk of a response and containing the spread of Islamic radicalism filled both the formal meetings and hallway chatter.
But while Obama privately discusses ways of ramping up pressure on the Islamic State group, he came ready to use his public spotlight to zero in on the landmark climate deal. The president has made the issue a top priority as his term in office winds down. With no hope for passing legislation through Congress, Obama has shifted to international lobbying.
The White House points to some success. On his last trip through Asia, Obama and Chinese President Xi Jinping issued in a joint declaration that set a 2030 deadline for carbon emissions to stop rising in China. The deal seemed to mark a shift in China’s approach to carbon reduction, and a diplomatic win for the president.
Joining Obama on stage were Jack Ma, chairman of the Chinese e-commerce company Alibaba, and Aisa Mijeno, whose startup called Salt sells low-cost lamps run on salt water. Xi is also slated to speak to the chief executives on Wednesday, along with Indonesian Vice President Jusuf Kalla and Mexican President Enrique Pena Nieto.
Although Obama said no nation is immune to climate change’s consequences, he added that the Asia-Pacific region is particularly affected because of its low-lying islands. He said without action to curb emissions, businesses will make less money amid economic disruptions and dampened agricultural production.