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October 6, 1997 REMARKS BY THE PRESIDENT AT WHITE HOUSE CONFERENCE ON CLIMATE CHANGE Georgetown University Washington, D.C. 10:30 A.M. EDT THE PRESIDENT: Thank you very much. Thank you , Mr Vice President, for your remarks, and your remarkable leadership to help us keep our Earth in the balance. Thank you, Father O'Donovan, for letting me come home to Georgetown one more time to discuss a matter of immense importance to America and its future. ............
...................... The third principle is that we must embrace solutions that will allow us to continue to grow our economy as we honor our global responsibilities and our responsibilities to our children. We've worked far too hard to revitalize the American Dream to jeopardize our progress now. Therefore, we mus t emphasize flexible market-based approaches. We must work with business and industry to find the right ways to reduce greenhouse gas emissions. We must promote technologies that make energy production and consumption more efficient. There are many people here today from companies that are addressing the climate change in innovative ways, taking steps that will save money for American families even as we reduce the threat of global warming. For example, a number of leading electric utilities, including AEP, Southern Company, Niagara Mohawk and Northern States Power, are working with homeowners to promote a new technology called geo-exchange, using geotherma l pumps to heat and cool homes far more cheaply than traditional systems while reducing greenhouse gas emissions by 40 percent or more. Ballard Power and United Technologies are leading pioneers in developing fuel cells that are so clean, their only exhaust is distilled water. Right now, Ballard is working with Chrysler, Mercedes Benz and Toyota to introduce fuel cells into new cars. Both of these technologies represent the kind of creative solutions that will make our job much easier. The fourth principle is that we must expect all nations, both industrialized and developing, to participate in this process in a way that is fair to all. It is encouraging that so many nations in so many parts of the world are developing so rapidly. That is good news for their people and it is good for America's economic future. But as we've seen right here at home, rising energy demands that accompany economic development traditionally have meant large increases in greenhouse gas emissions. In fact, if current trends continue , emissions from the developing world will likely eclipse those from the developed world in the next few decades.
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