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Alcoa Chairman and CEO Alain Belda Participates in United Nations High-Level Event on Climate Change
NEW YORK--(BUSINESS WIRE)--Alcoa Chairman and CEO Alain Belda today told the largest ever meeting
of world leaders on climate change convened by the Secretary-General of
the United Nations Ban Ki-moon that he is convinced a global plan of
action on climate change can be built in ways that create more economic
opportunities than risks. More than 70 heads of state or government were
at the conference, “The Future in our Hands:
Addressing the Leadership Challenge of Climate Change,”
at UN headquarters in New York. Other participants included the Chair of
the Intergovernmental Panel on Climate Change Rajendra K. Pachauri, and
Arnold Schwarzenegger, Governor of California.
Mr. Belda took part in a plenary session on emissions reduction,
entitled “Reducing Emissions and Stabilizing
the Climate – Safeguarding our Common Future.”
Mr. Belda said global businesses such as Alcoa want to see development
by the UN Framework Convention on Climate Change of a flexible,
multilateral framework, which recognizes the diversity among major
economies and establishes fair, effective, and binding international
commitments for all major emitting countries.
“The framework should provide flexibility for
business to achieve efficient lowest cost reductions immediately and
promote investment in development and application of necessary
breakthrough technologies. It should include measures and incentives to
reduce emissions from land use change and deforestation. Innovation and
new technologies have been growth drivers in the global economy in the
past,” Mr. Belda said. “I
believe there is no other option and failing to act presents an
unacceptable level of risk. As an industry leader, we at Alcoa accept
the responsibility to act and look to joining with all of you in what
must be a shared global effort,” he continued.
The UN event is aimed at securing political commitment and building
momentum for negotiations about a new international climate agreement to
start at the UN Climate Change Conference in Bali scheduled for December
3-14.
About Alcoa
Alcoa (NYSE:AA) is the world's leading producer and manager of primary
aluminum, fabricated aluminum and alumina facilities, and is active in
all major aspects of the industry. Alcoa serves the aerospace,
automotive, packaging, building and construction, commercial
transportation and industrial markets, bringing design, engineering,
production and other capabilities of Alcoa's businesses to customers. In
addition to aluminum products and components including flat-rolled
products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa®
wheels, fastening systems, precision and investment castings, structures
and building systems. The company has 116,000 employees in 44 countries
and has been named one of the top most sustainable corporations in the
world at the World Economic Forum in Davos, Switzerland. More
information can be found at www.alcoa.com.