ICC Perspective On The 2015 UN Climate Agreement And International Climate Change Policy

ICC Perspective On The 2015 UN Climate Agreement And International Climate Change Policy

The International Chamber of Commerce recognizes that it is now time to take urgent action to tackle climate change on all fronts. The consequences of not reducing greenhouse gas emissions in line with IPCC recommendations will create significant risks for people, the environment, and our economies.

ICC, as the world business organization, understands that addressing climate change is an imperative for the business community in all countries — and across every business sector. ICC considers that, with the appropriate policy frameworks, it is possible to meet the climate challenge while also advancing economic opportunity, creating jobs, and safeguarding energy access and security.

Business is keen to further deploy its solutions in all their diversity and will continue making significant contributions to:

• lower greenhouse gas emissions;
• use resources more efficiently;
• plan for, build-in and share good practices on adaptation and resilience;
• invest and undertake research and development into climate-friendly technologies, products and services; and
• engage and dialogue with the public on climate change;

Significant though these actions and contributions are, much more can be done by both business and government to mitigate and adapt to global climate change while addressing the lack of access to energy and meeting the growing demand for energy. With the right policy and market frameworks in place, business will further deploy climate solutions and will continue to make significant investments in the transformation towards a low-carbon economy.

It is essential that COP21 sends a clear signal to the private sector about the future direction of global climate policy through a long–term agreement that protects competitiveness, accelerates investment and unleashes the deployment of existing and new technologies and finance in the near and long term. A new climate agreement must work with and for business to maximise the potential of a new global regime and deliver the scale of investment and action required.

COP21 is an opportunity to build a shared agenda of solutions and actions. Achieving ambitious global goals will require participation by all nations and concerted effort over many decades by all countries, international institutions, commercial and economic entities, and societal partners. Moreover, the UNFCCC Paris 2015 Agreement will rely on national implementing measures (such as “INDCs1 ”) to make it meaningful and concrete, and therefore those must also be well designed in order to stimulate business action and innovation, and involve and consult with the business community as INDCs come forward, evolve and are assessed.

To enable the massive investments and deployment for climate measures that by and large will be provided by business, ICC has identified four priority areas around innovation, collaboration, and smart regulation for national and international attention and action:

  1. Promote innovative solutions and investments to climate mitigation and adaptation through enabling frameworks
  2. De-risk and catalyse technology development and deployment
  3. Stimulate dialogue and stronger private-public cooperation
  4. Strengthen the global climate governance framework