Eighteen major corporations, including power companies and companies that manufacture power-generation equipment, come together to call for a concerted global plan to fight climate change, built around the following nine principles:

  1. A switch-over to a low-emitting economy is a necessity
  2. A global solution is needed
  3. A common, global goal limiting climate changes is needed
  4. Greenhouse-gas emissions must have a global price
  5. A well laid-out combination of short- and long-term actions is needed
  6. No options should be excluded
  7. A global emissions market is needed
  8. The developed countries must lead the way and the developing countries should follow as soon as they are able
  9. Fair and sustainable global burden-sharing must be reached

Magical pony land? Nope, it’s real. Joel Makower has the details.