Statement from Lisa Woll, CEO of US SIF: The Forum for Sustainable and Responsible Investment, on Issuance of the EPA's Rules on Carbon Emissions from Power Plants
WASHINGTON– Lisa Woll, CEO of US SIF: The Forum for Sustainable and Responsible Investment, issued the following statement regarding the Environmental Protection Agency's proposed carbon pollution standards for power plants.
We applaud the US Environmental Protection Agency for taking crucial steps to limit the amount of carbon dioxide and other greenhouse gases that existing power plants may emit. The electrical generation sector is the source of nearly 40 percent of all US greenhouse gas emissions, and it must be a key part of any plan to curb emissions and address climate change. The plan put forth today allows for states to have flexibility in implementing the new rules, while setting strong goals for greenhouse gas reduction and creating an encouraging environment for investment and job creation.
The inability of Congress to enact legislation to curb the nation's greenhouse gas emissions has made it imperative for the EPA to act, as failure by the United States and other major economies to reduce these dangerous pollutants will have catastrophic implications for current and succeeding generations. The EPA's proposal will help drive innovation, benefit US consumers and bolster international efforts to curb climate change. Sustainable and responsible investors welcome these developments and look forward to working to support the transition to a modern, low carbon economy.
US SIF: The Forum for Sustainable and Responsible Investment (www.ussif.org) is the US membership association for professionals, firms, institutions and organizations engaged in sustainable and responsible investing. US SIF and its members advance investment practices that consider environmental, social and corporate governance criteria to generate long-term competitive financial returns and positive societal impact. US SIF's members include investment management and advisory firms, mutual fund companies, research firms, financial planners and advisors, broker-dealers, community investing institutions, non-profit associations, and pension funds, foundations and other asset owners.
For guides to investing to address climate change, and other materials on sustainable investment and climate change, please visit http://www.ussif.org/climatereinvestment
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