We believe that effective climate change policy must be aligned with the following principles:

• Recognize that climate change is a global issue which requires global solutions — economy-wide governmental GHG management frameworks should be linked to binding international agreements comprising the major GHG contributors
• Result in the stabilization of global GHG atmospheric concentrations at safe levels
• Coordinate with energy policy to ensure a diverse and secure supply of affordable energy
• Utilize market-based mechanisms rather than technology mandates
• Create a level competitive playing field among energy sources and between countries
• Avoid overlapping or duplicating existing energy and climate change programs
• Provide long-term certainty for investment decisions
• Promote government and private sector investment in energy research and development
• Match the pace at which new technology can be developed and deployed
• Encourage efficient use of energy
• Foster resiliency to the impacts of a changing climate
• Avoid undue harm to the economy