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Obama: Business needs seat in climate efforts

10 months 3 weeks 6 days ago November 30, 2015 Nov 30, 2015 Monday, November 30 2015 November 30, 2015 5:28 PM in News
Source: Associated Press

PARIS - President Barack Obama says the private sector needs to have a seat at the table as the world's governments attempt to curb global warming.

He says that governments will set the targets that nations will try to reach, but it will be scientists, private sector investors and workers who will largely determine whether those goals are met.

Obama's remarks come as part of an event in which at least 19 governments and 28 investors were announcing billions of dollars toward researching and developing clean energy technology.

Obama says Microsoft co-founder Bill Gates is correct in noting that improving energy efficiency will only help nations get part of the way toward reaching their targets. New inventions and technology will also be required.

He calls the partnership one of the most significant private-public partnerships even forged to accelerate energy innovation.

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