ICC is the official Focal Point for Business to the UN Framework Convention on Climate Change (UNFCCC) and delivered the official Business and Industry NGOs (BINGOs) Statement at the opening plenary of COP28 on 30 November 2023.
Ester Baiget, CEO of Novozymes, a global biotechnology company, delivered the statement on behalf of the global business community.
Stressing business commitment to the Paris Agreement, the statement calls for an ambitious stocktake and tangible outcomes from COP28 that work for the planet and people.
The statement urges parties to deliver tangible outcomes in three central areas:
An ambitious and forward-looking Global Stocktake that delivers what science tells us is needed: mitigation at speed and at scale and a just and responsible energy transition worldwide. This must include concrete policies that enable net-zero, such as effective carbon pricing, while utilising all available technologies.
While welcoming ongoing efforts to mobilise 100 billion US dollars in climate finance and applauding a commitment by several countries to the new Loss and Damage Fund, there remains an urgent need for COP28 to deliver beyond promises.
ICC urges Parties to lay the foundation for a cross-border carbon market by continuing their efforts and settling on all outstanding elements related to Article 6 of the Paris Agreement.
Respecting your privacy
We use necessary cookies to make our site work. We'd also like to set optional cookies to optimize site functionality and to give you the most relevant experience. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.