Business "Call" Outlines Six Steps for Ambitious Global Climate Treaty

By Sarah Pickering | May 26, 2009 | In: Business, Policy, Media

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Global business leaders assembled in Copenhagen at the World Business Summit on Climate Change today issued "The Copenhagen Call," a powerful and concise statement that sets out the elements business believes are required to forge an effective new global climate treaty.*

Global business leaders assembled in Copenhagen today called for ambitious, global action on climate change.

As the World Business Summit on Climate Change drew to a close, business announced that a new global climate treaty must set bold targets for emissions reductions by 2020 and 2050, limiting the global average rise in temperature to a maximum of 2°C compared to pre-industrial levels. This requires immediate and substantial action leading to an abatement of around 17Gt versus business-as-usual by 2020, they said.

Emissions reduction at this scale will profoundly affect business but the "Call" states that business leaders stand ready to make those changes and support ambitious political decisions that support economic recovery and safeguard the planet.

This and further recommendations form the basis of "The Copenhagen Call" – a concise statement, which sets out the elements business believes are required for an effective new global climate treaty to be forged.

"The ambition of the Copenhagen Call shows that business need not be a conservative voice on climate change. Many of the businesses represented at this significant event in the lead up to COP15 want brave decisions that will tackle this most wicked of problems," says Tim Flannery, Chair of the Copenhagen Climate Council.

Presented to the Danish Prime Minister, Lars Løkke Rasmussen, and Yvo de Boer, the Executive Secretary of the UNFCCC, the Copenhagen Call will be taken forward by them in to the last six months of negotiations before the UN Climate Change Conference (COP15) in December.

"Economic recovery and urgent action to tackle climate change are complementary – boosting the economy and jobs through investment in the new infrastructure needed to reduce emissions," the Call further states.

Erik Rasmussen, Founder of the Copenhagen Climate Council, explains: "Reducing the emissions that until now have been so linked to our economic growth and betterment will be an enormous, unprecedented global challenge but will also provide significant opportunities for sustainable growth, green jobs, development and innovation."

In order to set a firm foundation for a sustainable economic future it is imperative that the following six steps are implemented:

  1. Agreement on a science-based greenhouse gas stabilization path with 2020 and 2050 emissions reduction targets that will achieve it;
  2. Effective measurement, reporting and verification of emissions performance by business;
  3. Incentives for a dramatic increase in financing low emissions technologies;
  4. Deployment of existing low-emissions technologies and the development of new ones;
  5. Funds to make communities more resilient and able to adapt to the effects of climate change, and
  6. Means to finance forest protection.

Presented by the Copenhagen Climate Council, the Copenhagen Call was informed by discussion with the World Business Council on Sustainable Development; 3C; the World Economic Forum; the UN Global Compact and The Climate Group, and deliberations among participants at the World Business Summit on Climate Change May 24-26 2009.

* Photo credit: CopenhagenClimateCouncil/PeterSørensen ©


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