In Support of A Paris Climate Agreement

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IN SUPPORT OF A PARIS CLIMATE AGREEMENT

This statement was developed by the Center for Climate and Energy Solutions (C2ES) and is supported by
the major companies listed below.

The U.N. Climate Change conference in Paris presents a critical opportunity to strengthen efforts
globally addressing the causes and consequences of climate change, and to demonstrate action by
businesses and other non-state actors.
We recognize the rising environmental, social, economic, and security risks posed by climate change, and
that delaying action will result in greater risks and costs. An effective response to climate change requires
strong government leadership, and presents both enormous challenges and significant economic
opportunities for the private sector. As businesses concerned about the well-being of our investors, our
customers, our communities and our planet, we are committed to working on our own and in
partnership with governments to mobilize the technology, investment and innovation needed to
transition to a sustainable low-carbon economy.
We support the aim of a more balanced and durable multilateral framework guiding and strengthening
national efforts to address climate change. We believe the Paris agreement should commit all parties to
undertake nationally determined efforts to reduce greenhouse gas emissions; provide strong transparency
to hold countries accountable; require periodic renewal of national contributions to progressively
strengthen the global effort; and facilitate international carbon markets. The agreement should, at a
minimum, include all of the worlds major economies.
A new climate agreement in Paris can help strengthen the role of, and minimize risks to, the private
sector in a number of ways:

Providing Long-Term Direction An aim of progressively decarbonizing the global economy


can provide a clearer signal to markets to shift long-term investments toward energy efficiency
and other lower-carbon alternatives.
Promoting Transparency Requiring countries to be transparent about their policy intentions
and implementation can provide greater clarity on domestic policy landscapes, better enabling
companies to anticipate regulatory risks and economic opportunities.
Addressing Competitiveness Agreement by all major economies to contribute their fair
share, and to simultaneously and regularly renew their contributions, can lead over time towards
a greater comparability of effort, helping to ease concerns about potential carbon leakage and
competitive imbalances.
Facilitating Carbon Pricing Requiring countries choosing to employ international carbon
trading to ensure the environmental integrity of these transactions can help facilitate the growth
and credibility of the global carbon market, a critical tool for cost-effective emissions reduction.

We stand ready to work with governments and our civil society partners to deliver and implement a
sensible and effective global climate agreement in Paris.
ALCOA ALSTOM BHP BILLITON BP CALPINE HP INTEL LAFARGEHOLCIM
NATIONAL GRID PG&E RIO TINTO SCHNEIDER ELECTRIC SHELL SIEMENS CORPORATION

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