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Global business leaders issue "Copenhagen Call"

Date
26 May 2009

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 degrees Celsius 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.

"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.

 

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.

Steve Howard, CEO of The Climate Group, says: "Business wants a global deal on climate change that is long, loud and legal: Climate policy must create clear long-term certainty on incentives, targets and timelines for unleashing the private sector strategies and investments needed to make a low-carbon economy possible."

The Copenhagen Call was presented by the Copenhagen Climate Council, informed by discussions with the World Business Council on Sustainable Development; 3C; the World Economic Forum Climate Change Initiative; the UN Global Compact and {theclimategroup}, and deliberations among participants at the World Business Summit on Climate Change, May 26 2009.

 

 

The Copenhagen Call

 

 

"As global business leaders assembled at the World Business Summit on Climate Change, we call upon our political leaders to agree an ambitious and effective global climate treaty at COP15 in Copenhagen. Sustainable economic progress requires stabilizing and then reducing greenhouse gas emissions. Success at COP 15 will remove uncertainty, unleash additional investment, and bolster current efforts to revive growth in a sustainable way.... "

Read the complete Copenhagen Call text.

 

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