2016 is the turning point. In the aftermath of the Paris Agreement we are on an irreversible path to a net zero carbon economy. However, to keep the average global temperature increase well below two degrees, we must act faster and more decisively than ever. It’s no longer just about commitments, it’s about real climate action.
Business holds the key to meeting global carbon reduction targets; and collaboration between business and government is critical to success. Forward thinking companies with climate change at the heart of their business strategies will reap the benefits of high return investments while those that don’t will face greater risks – from policy, investors and climate change itself.
The 2016 Business & Climate Summit brought together leaders from business, government and finance to deliver real climate action, setting out a roadmap for how business, in the short, medium and long term, can take advantage of a swift transition to the net zero carbon economy.
Convened by The Climate Group and We Mean Business, supported by International Chamber of Commerce, United Nations Global Compact, World Economic Forum, WBCSD and EPE (Entreprises pour l’Environnement), the Business & Climate Summit took place at Guildhall in London on June 28-29, 2016.
On 29 June, the International Chamber of Commerce, Entreprises pour l’Environnement and Cefic organised a panel on "Climate and Trade". Trade and climate change have an inextricable and intimate relationship. This session created a discussion between business leaders and policymakers regarding the trade policy priorities from a climate and green growth perspective, addressing the necessary action needed at a multilateral level, including potential changes to World Trade Organization rules – as well as the possible role of bilateral and regional agreements.
ICTSD was represented by Ricardo Meléndez-Ortiz, who moderated the session featuring Roberto Azevêdo (Director-General, World Trade Organisation), John Danilovich (ICC Secretary General), Bruno Lafont (Co-Chairman, LafargeHolcim), Jean-Louis Chaussade (Chief Executive Officer, Suez) and Reinhard Quick (Director of the Liaison Office in Brussels, VCI).
For more information about the Business & Climate Summit, please visit the website.