ICC_COP23_Policy_Statement

ICC Perspective on UNFCCC Climate Negotiations at COP23

This policy statement discusses key issues for business at COP23.

Since the United Nations Framework Convention on Climate Change (UNFCCC) was established over 20 years ago, business has been actively engaged in the process, contributing both technical and operational expertise. Following two decades of climate negotiations, adoption of the 2015 Paris Agreement marked a historic breakthrough that engages both Parties and non-Party stakeholders, including the business community, to work together to do more to combat climate change and address its unavoidable consequences.

The Paris Agreement provides business with the kind of long-term certainty it needs to plan future sustainable growth. Indeed, more companies are committing to leadership on climate action than at any other time in history. For business to go even further, COP23 must build on the work started at COP22 to implement the Paris Agreement and deliver greater certainty on long-term climate policies, transparency and market frameworks, as well as the design of other instruments through the Rulebook. COP23 must also establish the rules for non-Party stakeholder engagement in future climate negotiations and the 2018 Facilitative Dialogue (FD2018).

ICC commends the Fijian Presidency for consulting with business to explore ways to augment private sector involvement in policy and action at COP23 and beyond.  ICC intends to be a resource across the stated priority themes1 and work with the Fijian Presidency on the key areas of priority for global business.

ICC is uniquely positioned to contribute to the business perspective on issues of climate change. As the world’s largest business organisation with a network of over 6 million members in more than 100 countries, we have a broad view on the business response to climate change. Moreover, ICC is the global focal point for business and industry to the UNFCCC and, earlier this year, ICC was granted Observer Status at the UN General Assembly – the first time that a private-sector organisation has been admitted formally into the UN system.