The International Chamber of Commerce (ICC) and the world’s leading business organizations focused on climate action announced today that the 2016 Business & Climate Summit, the annual forum for businesses, investors and policymakers working towards a low carbon future, will be hosted in London from 28-29 June.
Taking place at the Guildhall, home of the City of London and in the heart of the world’s leading financial centre, this year’s Summit will build on the overwhelming success of the first Business & Climate Summit held in Paris last May. The 2015 summit brought together over 2,000 global business leaders, policymakers and investors for what was widely recognised as the key moment in mobilizing the business community in support of climate action ahead of COP21.
With the Paris Agreement in place, 2016 marks a turning point. The second edition of the Business & Climate Summit will be the platform for business to turn commitments into real action and look at how they take advantage of a swift transition to a low carbon economy while reducing the risk of climate change and stranded assets. It will set out how business action can deliver a sub-2 degree world, address how we finance the investment required, and discuss how business and government can collaborate to create new partnerships for low carbon growth.
ICC Secretary General John Danilovich said: “We are delighted to be a returning key partner of the Business and Climate Summit, which last year was a turning point in the way business and governments engaged in the development of climate policy through to COP21.
“The private sector is fully committed to implementing the breakthrough COP21 Agreement and make long-term investments in the low carbon economy.”
The summit will be convened by a network of partners that represent over 6 million businesses worldwide, including the International Chamber of Commerce, the World Business Council for Sustainable Development, the We Mean Business Coalition, Entreprises pour l’Environnement, UN Global Compact France, The Climate Group, with support from the World Economic Forum Global Project on Climate Change.
Following the launch of its Green Finance Initiative last month, The City of London Corporation , will also be a Supporting Partner to the Summit. The market in green bonds to finance sustainable infrastructure projects is expected soon to reach £100 billion-a-year, and the Business & Climate Summit will help convene those business and policy leaders to accelerate this market opportunity.
Speakers and a detailed agenda will be announced shortly. The event will be livestreamed.