Business for Innovative Climate and Energy Policy (BICEP) is an advocacy coalition of businesses committed to working with policymakers to pass meaningful energy and climate legislation that is consistent with our core principles and helps keep global temperature rise well below 2 degrees, as agreed upon in the Paris Agreement.
BICEP was founded on the understanding that the energy and climate challenges facing the United States present vast opportunities, along with urgent risks, for U.S. businesses. A rapid transition to a low-carbon economy will create new jobs and stimulate economic growth while stabilizing our planet’s fragile climate.
We, the members of BICEP, seek long-term prosperity for our economy and the countries and communities in which we operate. Our products and services are in the homes and impact the lives of Americans across the country in all 50 states. As individual companies, we have taken strong steps to reduce our emissions and become more energy efficient, but we recognize that the U.S. must act boldly and swiftly to enact effective energy and climate policies to address the challenges and seize the opportunities we face. Only the market certainty provided by clear policies will spur development of an efficient clean energy economy at the necessary scale and allow the U.S. to remain competitive worldwide and to meet our global commitments.
In accordance with the recommendations of an overwhelming majority of leading climate scientists and consistent with the Paris Agreement, BICEP’s goal is broad, bi-partisan consensus among policymakers to reduce U.S. greenhouse gas emissions 80 percent below 2005 levels by 2050 and to achieve net zero emissions by the end of the 21st century.
- Promote Energy Efficiency and Renewable Energy
- Increase Investment in a Clean Energy Economy
- Support Climate Change Adaptation, Technology Transfer and Forest Preservation
BICEP supports the following state and federal policy elements:
- Increased deployment of renewable energy
The United States should require at least 20 percent of the nation’s electricity be generated by renewable energy sources by 2030.
- Increased investment in clean energy technologies
The United States should encourage and incentivize public and private investment in energy efficiency and renewable energy technology at the federal and state levels, in line with the necessary investment of an additional $500 million per year globally by 2020 and $1 trillion per year globally by 2030.
- The establishment of aggressive energy efficiency policies
The United States should implement programs and policies that double the energy productivity of the U.S. economy by 2030. Individual U.S. states should aim to do the same.
- The promotion of an efficient economy by pricing carbon appropriately and adjusting fuel subsidies
Energy prices should reflect their full environmental, social and economic costs. The United States should adjust energy subsidies to discourage higher-polluting energy sources
- Transportation for a clean energy economy
The United States and individual states and communities should enact and strengthen standards, incentives, and other policies to promote efficient and alternative fuel vehicles, low-carbon fuels, reductions in vehicle miles traveled, and transit-oriented development.
- Diversified utility energy portfolios
Utility regulators should analyze the risks and costs of all energy resource options in inclusive, transparent planning processes and pursue diversification of utility portfolios and related policies that add energy efficiency and renewable energy resources to the portfolio mix.
- Support for climate change adaptation, both domestic and international
The United States should support the development of adaptation technology to prepare for and adapt to extreme weather, water scarcity, reduced crop yields, and other climate impacts that harm local communities and global supply chains alike.
- Support for developing countries in reducing carbon emissions
The United States should support developing countries through technology transfer and international climate finance to design and implement low-carbon growth strategies through the encouragement of renewable energy development and the enhancement of carbon sinks and reservoirs, including limits to deforestation.