There are clear indications of an ongoing global climate change. The root cause seems to be the emission of greenhouse gases due to human activity. A change in the climate could potentially alter the conditions that govern human life and lead to major costs. Therefore, we believe that the global community should aim at reducing the emissions of carbon dioxide and other greenhouse gases to acceptable levels as rapidly as possible, as well as providing secure and affordable energy for a stable, global development.

The goal is to underline the need for urgent action by the global community and to influence the post-Kyoto process by demanding a global framework supporting a market based solution to the climate change issue. This can be achieved by getting as many companies as possible aboard and by getting our common platform well known and well understood.

Swedish power company Vattenfall is responsible for coordinating the 3C initiative. Other companies are invited to take part. The initiative stems from Vattenfall’s proposal for a low carbon emitting society “Curbing Climate Change”.

Many of the participants in the 3C initiative also take part in other activities on climate change such as the World Economic Forum's G8 Climate Change Roundtable, US Climate Action Pertnership and various Trade Association's initiatives.