ICC network mobilsed to drive COP31 ambition on electrification

ICC Secretary General John W.H. Denton AO said:

“The transformation of our energy systems is at the heart of many of the solutions we need to scale, to keep 1.5 within sight. Our global business community of over 45 million companies across more than 170 countries stands firmly behind the ambition set out by the COP31 Presidency.

“But more important than setting a global goal: we must build the implementation capacity – energy systems that can support a rapid scale-up in renewable energy and meet rising electricity demand, while remaining reliable, affordable and competitive.

“We urge COP31 Minister to look beyond the big headlines about the goal and set an integrated policy implementation agenda that advances clean electrification together with energy efficiency and with a laser focus on finance.

“Carbon pricing can provide an important long-term signal for investment and confidence, as can a harmonised carbon accounting approach, product standards and full interoperability in carbon-border measures.

“The Pledge sets the ambition. Delivering it will require an effective implementation framework, in line with our new principles for the age of electrification.”