Business leaders want "strong" climate change deal

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Somalia's seaport bustles with business as trucks come to off load ships of their cargo. UN Photo/Tobin Jones

As the race against the clock continues for negotiators at the climate change conference in Paris, nearly 400 business leaders gathered to focus on one of Tuesday's central themes: business.

They called for a strong climate change agreement to help the private sector implement actions in key areas such as carbon pricing, finance, responsible policy engagement and science-based target setting.

The UN Secretary-General has been meeting with environmental ministers and national climate change representatives at the conference, known as COP21.

He also addressed a forum organized by the  UN Global Compact, which brings together the United Nations and the  business community.

Cristina Silveiro reports.

Alongside the United States Secretary of State, John Kerry, and the French Minister of Foreign Affairs and president of COP21, Laurent Fabius, Ban Ki-moon told members of the private sector "how we do business today will determine if we can do business in the future."

He said collective momentum among the private sector for climate action is growing daily.

“Across the world, businesses and investors are standing up for a strong agreement in Paris that sends the right market signals. They are asking for a clear message that the transition to cleaner, low emissions energy sources is necessary, inevitable, irreversible and mutually beneficial."

Ban Ki-moon insisted that all parts of society–CEOs, cities and citizens–must be part of the solution.

The UN chief further noted that more companies and investors are leading on climate action than at any time in history.

They are doing so, he explained, "because they understand the risks of climate change, and the opportunities inherent in addressing it."

Meanwhile, Ban Ki-moon underlined that leading companies are showing that they can address climate change and thrive financially.

In the past year alone, over 2,000 companies and 500 investors have registered climate commitments through a UN-affiliated portal.

Nonetheless, Ban Ki-moon warned that to limit global temperature rise to less than two degrees we must go much further and faster.

Cristina Silveiro at the United Nations climate change conference in Paris.

Duration: 1’34″

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December 2017
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