In a keynote address at the Pew Center for Global Climate Change conference, Exelon Chairman and CEO John Rowe stressed that federal legislation that puts a price on carbon emissions is the best and most economical option to transition to a low-carbon future.
‘The critical first step is legislation that places a price on carbon, because it will result in cleaner energy, greater security and more jobs – all at the lowest cost,’ said Rowe.
Rowe credited U.S. Sen. John Kerry, D-Mass.; Lindsey Graham, R-S.C.; and Joe Lieberman, I-Conn., for their efforts to craft a bipartisan compromise on reducing greenhouse gas emissions and issues such as oil and gas drilling and expansion of nuclear power.
Legislation that puts a price on carbon emissions will effectively encourage low-carbon investments such as energy efficiency and nuclear up-rates, Rowe added.
SOURCE: Exelon Corp. Â Â