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Suntech Joins Global Roundtable on Climate Change

Posted on 2007-02-21
Endorses Climate Sustainability StatementWUXI, China, Feb. 21 /Xinhua-PRNewswire/ -- Suntech Power Holdings Co., Ltd. (NYSE: STP), one of the world's leading manufacturers of photovoltaic (PV) cells and modules, today announced that it has joined the Global Roundtable on Climate Change and has endorsed its joint statement "The Path to Climate Sustainability.""Climate change is a very real danger facing the world today," said Dr. Zhengrong Shi, Suntech's chairman and CEO. "We hope this statement will help people to recognize the dangers inherent in climate change and encourage governments worldwide to develop effective policies to address it."Dr. Shi continued, "We are greatly concerned by the trend towards global warming and we will continue to engage with both private and public institutions to raise awareness of this risk. We are already quite active with governments and universities within China with this endeavor."The statement calls on governments to set scientifically informed targets for greenhouse gases and carbon dioxide (CO2) emissions and develop policies aimed at addressing energy efficiency and de-carbonization in all sectors. It also outlines cost-effective technologies that exist today and others that could be developed and deployed to improve energy efficiency and help reduce CO2 emissions and other greenhouse gases in major sectors of the global economy.David Leonard Downie, Director of the Global Roundtable on Climate Change, said, "We are very pleased that Suntech has joined this initiative to combat climate change. As one of the top manufacturers of solar energy equipment, Suntech brings a very important perspective to the discussions of de-carbonizing energy systems, a critical component of any strategy to address climate change."Dr. Shi noted that alternative energy sources including solar power can help to alleviate the dependence on fossil fuels and reduce emissions of carbon dioxide and other greenhouse gases. "Solar power is a zero emission energy source and a truly sustainable alternative to traditional fossil fuels," added Dr. Shi. "As a leader in the photovoltaic industry, Suntech is dedicated to driving technological advances in large part to rapidly increase the affordability of solar energy for people and nations worldwide."The Global Roundtable on Climate Change which is part of the Earth Institute of Columbia University in the City of New York brings together more than 100 high-level, critical stakeholders from all regions of the world-including senior executives from the private sector and leaders of international governmental and non-governmental organizations-to discuss and explore areas of potential consensus regarding core scientific, technological, and economic issues critical to shaping sound public policies on climate change. The joint statement is an outcome of roundtable dialogues over the past three years. For more information about the Global Roundtable on Climate Change, please visit http://www.earthinstitute.columbia.edu/grocc/
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