Business pushes for more action for a low-carbon economy at UN climate summit

With the backdrop of the private sector day at the COP21 in Paris, UN climate change chief Christiana Figueres commended the business community for taking decisive steps to combat climate change.

“The interests of governments, the private sector and cities are aligning as never before,” Figueres said during the BINGO (Business and Industry NGOs) day at the climate negotiations in Paris.

“In doing so we are witnessing the turning point in the way the global economy prices pollution and invests in real wealth— keys to unlock our collective ambition of an ambitious Paris Agreement in 2015 and catalysts towards keeping a global temperature rise under 2 degrees this century,” she said.

The UN climate chief’s sentiment was shared by COP21 president and French minister of foreign affairs Laurent Fabius, who said that companies have “proved that they are ready to support the transition to a low-carbon economy. That’s a positive signal that they are sending to governments in order to encourage them to set ambitious targets.”

Bertrand van Ee, Climate-KIC CEO

Bertrand van Ee,
Climate-KIC CEO

Climate-KIC CEO Bertrand van Ee commented: “A single silver bullet will not be sufficient to bring about the systemic change required. Climate action within business must be powered by both radical innovation and by people with the skills and capabilities to trigger this innovation. Business can collaborate to achieve more in responding to this global challenge.”

Last week, also in Paris, Figueres’ brother — José María Figueres, the former Costa Rican president and now chairman of the Rocky Mountain Institute and Carbon War Room — helped Climate-KIC launch a new study about business attitudes to climate change.

A transformational shift 

The thematic BINGO day, coordinated by the International Chamber of Commerce (ICC) together with partner organisations and endorsed by IETA, WBCSD and We Mean Business Coalition, saw key decision-makers from the corporate world gather to share expertise in technology cooperation and development, climate finance and research and development.

The BINGO Day echoed calls for governments to send 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.

renate

Renat Heuberger, CEO of Climate-KIC partner South Pole Group

Renat Heuberger, CEO of Climate-KIC partner South Pole Group, stated: “Private enterprise really plays a pivotal role in furthering the global climate agenda. It is great to see that the business community is getting some much deserved attention here at COP21.”

“The growing momentum from the corporate world on climate action shows us that companies have reached a tipping point. They need ambitious policy to achieve their full potential and accelerate action from industry at scale,” added Paul Dickinson, Executive Chairman of CDP.

Going forward, private sector innovation, investment and expertise will be vital in successfully combating climate change and promoting inclusive, sustainable growth. Nonetheless as emphasised by the BINGO day attendees and organisers, addressing climate change is equally an imperative and opportunity for the entire business community in all countries – and across every business sector.

Visit our newsroom for the full press release.

 
Location
Articles you may be interested in
In The News
Global call for transformative solutions to tackle the climate emergency

EIT Climate-KIC launches Climathon Global Awards and Healthy, Clean...

Global call for transformative solutions to tackle the climate emergency
In The News
EIT Climate-KIC innovators celebrated at 2019 EIT Awards

The European Institute of Innovation and Technology (EIT) has...

EIT Climate-KIC innovators celebrated at 2019 EIT Awards
Opinion
Part three: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part three: Climate action #NotinNewYork
In Detail
New EIT Climate-KIC supported report finds digital technologies can vastly a...

As part of the UN Climate Action Summit, the Global Enabling Sustainability Initiative (GeSI) and Deloitte launched a report today, supported by EIT Climate-KIC,...

New EIT Climate-KIC supported report finds digital technologies can vastly accelerate the SDGs
Opinion
Part two: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part two: Climate action #NotinNewYork
Opinion
Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Climate action #NotinNewYork
In The News
Circular Cars Initiative launched at United Nations Climate Action Summit

On the occasion of the United Nations Climate Action...

Circular Cars Initiative launched at United Nations Climate Action Summit
In The News
We’re closing for business in solidarity with #ClimateStrike

EIT Climate-KIC will close this Friday 20 September, the...

We’re closing for business in solidarity with #ClimateStrike
In The News
Open Innovation Call targeting air quality and urban heat island effect launch...

The City of Copenhagen’s department Resilient and Sustainable City Solutions within...

Open Innovation Call targeting air quality and urban heat island effect launched
In The News
EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment

The Berlin-based start-up Zolar raises a 10 million EUR...

EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment
In The News
Breaking down barriers to climate-finance: the City Finance Lab launches secon...

Competition for the five most innovative financing solutions for...

Breaking down barriers to climate-finance: the City Finance Lab launches second call for proposals
Opinion
Innovating in complexity: Systemic investing
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Innovating in complexity: Systemic investing
In The News
Climathon onboard ‘Sail to the COP’

On 2 October, 36 young climate change agents will...

Climathon onboard ‘Sail to the COP’
In The News
Research reveals surprising link between socio-economic indicators and sustain...

A new study by EIT Climate-KIC partner academic institutions...

Research reveals surprising link between socio-economic indicators and sustainability transition
Opinion
Transformation capital: A new investment logic for catalysing systems change
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Transformation capital: A new investment logic for catalysing systems change
Opinion
Innovating in complexity: From single-point solutions to directional systems innovation
Dominic Hofstetter TRANSFORMATION CAPITAL, EIT CLIMATE-KIC
Innovating in complexity: From single-point solutions to directional systems innovation
In The News
Four EIT Climate-KIC innovators nominated for annual EIT Awards

The European Institute of Innovation and Technology (EIT) has released...

Four EIT Climate-KIC innovators nominated for annual EIT Awards
In Detail
Report offers recommendations for development of agricultural impact tool

A new report supported by EIT Climate-KIC’s CSA Booster programme proposes technical, governance and business arrangements for the development of a new tool for...

Report offers recommendations for development of agricultural impact tool
In Detail
Food value chains strategy report offers recommendations based on systemic i...

A new report details the work of EIT Climate-KIC and its partner Metabolic, a consulting company using systems thinking to tackle major sustainability challenges,...

Food value chains strategy report offers recommendations based on systemic impact
In The News
EIT Climate-KIC supports digital roadmap for a circular economy

EIT Climate-KIC, along with several European stakeholders, is advocating...

EIT Climate-KIC supports digital roadmap for a circular economy
In The News
EIT Climate-KIC urges London to lead in turning climate emergency into action

Climate innovation agency EIT Climate-KIC welcomed today the first...

EIT Climate-KIC urges London to lead in turning climate emergency into action
Opinion
London Climate Action Week: Climate Innovation Insights
London Climate Action Week: Climate Innovation Insights
Opinion
How can we deliver a net-zero emissions UK?
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
How can we deliver a net-zero emissions UK?
Opinion
Can we identify the tipping points for transformative climate action?
Susannah Fisher Strategic Research Lead, EIT Climate-KIC
Can we identify the tipping points for transformative climate action?
In The News
Study launched on decarbonising Europe’s heavy industries by 2050

Industry representatives, regional experts, academics and EU officials held...

Study launched on decarbonising Europe’s heavy industries by 2050
In our community
Interview with Yvon Slingenberg of DG Climate Action, European Commission
Interview with Yvon Slingenberg of DG Climate Action, European Commission
In Detail
Evaluating the benefits of improved cooking solutions: impact data in high r...

Gold Standard today released a research study by Vivid Economics that estimates the economic value of Gold Standard-certified project benefits related to climate, health,...

Evaluating the benefits of improved cooking solutions: impact data in high resolution
In The News
New EIT Climate-KIC supported report proposes basis for a future EU taxonomy i...

The European Commission has welcomed the publication of the...

New EIT Climate-KIC supported report proposes basis for a future EU taxonomy in legislation
In The News
WCEF 2019: The challenges and potentials of circular procurement in cities

Increasing population growth and urbanisation intensifies the pressure on...

WCEF 2019: The challenges and potentials of circular procurement in cities
In The News
First round of 15 winners of Reinventing Cities competition announced

C40 Cities and EIT Climate-KIC have announced 15 winners...

First round of 15 winners of Reinventing Cities competition announced