This document summarizes President Obama's 21-page Action Plan on climate change, which aims to cut US greenhouse gases by 17% below 2005 levels by 2020. It also discusses opportunities for business and industry from the international component of the plan, including financing for carbon abatement projects and income from carbon offsetting. PattonBoggs will be delivering workshops on revenue streams, carbon offsetting, and technologies and innovation to help businesses and governments in the region take advantage of these opportunities.