US News
Schwarzenegger buffs his green credentials
Apr 12, 2006, 6:28 GMT
San Francisco - California governor Arnold Schwarzenegger on Tuesday buffed up his environmental credentials - telling a climate- change summit that he backed a market-based system to combat global warming.
'We're showing everyone that we believe that nothing is more important than protecting our environment,' he said. 'Let's work together to create the world's best market-based system to limit and slash emissions.'
The plan would require companies to report their carbon emissions and create financial incentives to limit the release of greenhouse gases. It aims to reduce carbon dioxide and other emissions from power plants, oil refineries and factories operating in California by 25 per cent by 2020.
Schwarzenegger's stance puts him in opposition to US President George W Bush and many business leaders, who say such restrictions would have a negative economic impact. Bush and Schwarzenegger are both members of the centre-right Republican Party.
© 2006 dpa - Deutsche Presse-AgenturCOMMENT
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