Climate Change High on BIAC’s Agenda

Following the opening ceremony for signature of the United Nations climate agreement (Paris Agreement), held at the UN headquarters on April 22 in New York, the Business and Industry Advisory Committee (BIAC) to the OECD reiterated its continued support to the OECD as a key organization in the field to provide fact-based analysis concerning the implementation of the Paris Agreement. BIAC called upon the OECD to contribute to increasing the overall cost-effectiveness and coherence of climate measures and to help ensure a policy environment that is supportive of innovation and investment by all the business involved.

At the meeting of the OECD Environment Policy Committee in early May, BIAC will highlight the key recommendations of its paper on the “Post-COP 21 Agenda: Key Actions for the OECD”.  Going forward, BIAC will contribute to preparations for the OECD Environment Ministerial planned for September 2016.

USCIB Statement: Setting the 2030 Sustainability Agenda In Motion

un_headquarters_lo-resNow more than ever, business and the global community share a common goal of advancing economic development and sustainability while effectively addressing climate change. This week in New York, governments, business and civil society are gathered to move forward on the landmark decisions of 2015. Through USCIB’s Campaign2015, USCIB and its members supported and informed the decisions of Addis, Paris and New York.  This week our message is clear — it is time to get to work!

Together we have an opportunity to design and carry out promising solutions for the world’s economy and governments, reflecting the UN 2030 Development Agenda and Sustainable Development Goals (SDGs) – and the conviction that business and governments should work together to address global challenges.  These universal agendas speak to everyone, including the business community. USCIB will approach these imperatives holistically, working with our global business network, the U.S. and other governments, and numerous other partners.

USCIB members are committed to advance the vital outcomes of Addis, New York and Paris, both those that have been decided, as well as those requiring further discussion and elaboration.

Addressing the challenges of sustainability demands new ways of working together, through partnership and enhanced engagement between governments and business.  We understand that the real effort is now beginning, as governments determine working details and put commitments into action.  In business, we too are moving to define priorities for further elaboration and what it will take to mobilize and scale up business investment, innovation and action going forward.

Our joint priorities should include:

  • Strengthening specific and distinct business interfaces to the UN system, such as the Private Sector Coordinating Group for FfD, the HLPF and to the UNFCCC and its bodies, such as the Technology Mechanism and Green Climate Fund
  • Tapping business expertise to catalyze and design enabling frameworks for, among other things, research, development, deployment and management of efficient and low-carbon technologies, investment, trade, finance, MRV, adaptation, risk management, and frameworks to promote effective, inclusive and efficient results.

We welcome the UN’s willingness to work in partnership with business so that we can build solutions to energy security, lower carbon development and sustainable economic growth together. USCIB’s platform, Businessfor2030, highlights the fundamental role business will play in helping to achieve the SDGs and 2030 Agenda for Sustainable Development

USCIB and its members are ready to demonstrate what we are ready to bring to this global effort, and look forward to working with governments, the UN community and society as a whole.

Read more about USCIB’s 2015 activities in support of the UN 2030 Development Agenda

UN 2030 Development Agenda Week

Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.

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Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.

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L-R: Amina Mohammed (UN), Peter Robinson (USCIB), Alex Thier (USAID). Shawn Miles (MasterCard) and moderator Matthew Bishop (The Economist).

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Ronnie Goldberg unveils the Business for 2030 website at the Global Employers’ Summit in Bahrain.

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Business & Climate Summit 2015, ICC Secretary General John Danilovich.

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Business & Climate Summit 2015, ICC and USCIB Chairman Terry McGraw.

L-R: John Danilovich (ICC), Christiana Figueres (the UN Framework Convention on Climate Change) and Terry McGraw (ICC).L-R: John Danilovich (ICC), Christiana Figueres (the UN Framework Convention on Climate Change) and Terry McGraw (ICC).

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L-R: John Danilovich (ICC), Christiana Figueres (the UN Framework Convention on Climate Change) and Terry McGraw (ICC).

As United Nations members gather in New York to sign the Paris Climate Agreement and discuss follow-up on the Sustainable Development Goals (SDGs) agreed last year, we thought it timely to recap some of the activities USCIB and its global network undertook in 2015 in support of these pivotal initiatives:

Read USCIB’s Statement: “Setting the 2015 Sustainability Agenda In Motion

North American Regional Consultation on Climate Change

USCIB convened the North American Business Consultation  on Climate Change on June 23 in Washington, D.C.; this session, organized with the International Chamber of Commerce, the Canadian Chamber of Commerce and the International Emissions Trading Association, highlighted U.S. and Canadian business priorities for the U.N. climate agreement to be finalized in Paris this December.

In his opening comments to the day-long conference, with over 80 participants including government officials, business leaders, United Nations delegates, and academics, USCIB’s President and CEO, Peter Robinson stated: “USCIB has followed climate change for 20 plus years, and while the issues have evolved, become broader, been through ups and downs in the U.N. negotiations, it has remained a priority for member companies.  And en route to Paris, we see it evolving again, to include a strong element of corporate citizenship and social equity.”

Financing the Sustainable Development Goals

Last year, the United Nations agreed to an ambitious 2030 Sustainable Development Agenda, a grand vision for sustainability that will reshape the practice of development globally, as well as the private sector’s role in building a more prosperous, healthy world. USCIB is deeply engaged in all aspects of Agenda 2030, advocating for good governance and the rule of law, inclusive economic growth, investment in infrastructure, enabling environments to foster innovation, strong public-private partnerships and above all, an open channel for business input into policy negotiations and implementation at the international and national levels.

USCIB has played a central role in marshaling business input into the UN’s Financing for Development process, having worked actively with members and our global network to ensure that the private sector’s voice was heard at the Third International Conference on Financing for Development last July, where UN member states established a new financing framework to support sustainable development for the next 15 years – the Addis Ababa Action Agenda. The new financing framework is generally positive for business, with policies that include an emphasis on governance and domestic resource mobilization, support for blended finance and a move away from an overly-narrow focus on official development assistance. USCIB is also actively engaged in the first follow-up and review of this new framework Financing for Development conference, participating in several high-level events during the ECOSOC Forum on Financing for Development in New York, April 18-21. USCIB also raised and continues to monitor intellectual property and tax concerns as part of the financing for development process.

Business for 2030

In September 2015, USCIB officially launched its well-received Business for 2030 web portal, a catalog of business engagement that showcases the private sector’s contributions to the SDGs. Business for 2030 features over 140 initiatives from 35 companies in over 150 countries of how businesses are helping to achieve 72 of the 169 SDG targets. In addition to educating the business community about the 2030 Agenda for Sustainable Development and the SDGs, the website highlights concrete initiatives and public-private partnerships to inspire renewed trust in the private sector, and to catalyze sustained and active business engagement in the 2030 Agenda for Sustainable Development. Through its blog and Twitter presence, the site also targets business perspectives to the UN community to sensitize them to business perspectives on SDG priorities and implementation.

USCIB Represents Business at Cool Earth Forum in Tokyo

USCIB attended the 2nd Innovation for Cool Earth Forum (ICEF2) on October 6-7 in Tokyo.  ICEF2, convened at the initiative of Japanese Prime Minister Shinzo Abe, focused on promoting technological innovation as a means to address climate change. The two-day forum brought together 1,000 researchers, business representatives and policymakers from around the globe to present a broad range of innovative technologies, and discuss what innovative measures should be developed, how the innovation should be promoted, and how cooperation and public private partnership should be enhanced.

At High-Level Summit, Business Representatives Urge Ambitious Climate Pact

Private-sector representatives from around the world endorsed the conclusion of an ambitious and comprehensive worldwide agreement to reduce greenhouse gas emissions and strengthen resilience, while advancing energy access and security in the context of sustainable development.

During a December meeting at the headquarters of the French business federation. MEDEF, company executives and business federation officials from more than 20 countries agreed on a joint declaration stating: “Climate change is a common responsibility for all stakeholders, including for businesses in every part of the world, of every sector and every size, large groups and SMEs.”

United Nations Paris Climate Agreement (COP21) 

In December 2015, the United Nations concluded what was possibly the most important environmental meeting in history, when 194 countries agreed to a long-term climate treaty designed to curb global greenhouse gas emissions. The climate negotiations in Paris (COP21) saw unprecedented support and involvement from the business community, with USCIB and member companies on the ground at COP21 to demonstrate their commitment and stake in the accord.

Thanks to sustained advocacy from USCIB and other business organizations, the final climate agreement recognizes the need for enabling investment frameworks in global markets, as well as policies necessary to mobilize business innovation across all borders. Innovation, enabling frameworks for cost effective and scientifically sound policy design, and the need to work with business in partnerships are priorities for USCIB’s ongoing involvement in UN environmental work.

Fighting Efforts in the UN to Degrade Intellectual Property Rights

intellectual_propertyOne of the most contentious issues during the United Nations COP21 climate negotiations was the push by NGOs and some countries to frame intellectual property (IP) rights as a barrier to environmental goals. USCIB and other business groups made a strong case for IP frameworks, arguing that innovation is crucial for developing solutions to the world’s climate challenges, and thanks to their efforts IP was not mentioned in the final climate treaty agreed to in Paris last year.

However, significant challenges to IP are proliferating throughout the UN system, and concerns remain about the Paris Agreement’s implementation and subsequent climate negotiations. To help push back against attacks on IP protection, USCIB and five other business associations sent a letter to U.S. Senator Orrin Hatch urging the U.S. government “to safeguard innovation at multilateral institutions.”

The letter notes that there is positive precedent for such an approach by the United States, as several IP experts from the American delegation at COP21 worked together to ensure that the Paris Agreement’s text didn’t mention IP and removed uncertainty that could have discouraged continued investments by U.S. companies in clean technology.

Challenges to IP have also arisen in the recently announced UN High Level Panel (UNHLP) on Access to Medicines, and at other international regulatory institutions such as the World Health Organization (WHO). In both cases, the business community is worried that innovators’ perspective will not be taken into account in the agencies’ policy deliberations. The letter encourages the U.S. to prevent the UNHLP and WHO from “constraining business involvement to the detriment of innovation.”

“U.S. leadership will be essential to managing diverse initiatives across the UN system…to ensure that they do not undermine innovation,” the letter stated. “All relevant U.S. government agencies must be aligned in such efforts.”

Read the full letter.

Following the Paris Agreement, UN Charts Next Steps for International Environmental Policy

UNEPFresh on the heels of COP21 in Paris – possibly the most important United Nations environmental meeting in history – governments are meeting in Nairobi this week to develop an international policy agenda on a wide range of environmental topics at a UN Environment Programme (UNEP) preparatory meeting. The meeting saw over 20 draft resolutions for government action and further UN activity on climate change, chemicals and waste, marine plastic debris and micro plastics, and food waste. The new resolutions that come out of this meeting will be adopted at the 2nd UN Environment Assembly in May.

Beyond environmental topics, governments are also considering cross-cutting issues and initiatives, including health and environment, and the UN’s far-reaching collaboration with the World Health Organization; financing and investment for sustainable development; and the role of public-private partnerships involving the business community across several of these areas.

USCIB is on hand as an official business representative to UNEP. Norine Kennedy, vice president for strategic international engagement, energy and environment, delivered remarks on behalf of the Business and Industry Major Group on a range of business issues in a statement to the Opening Session.

“The groundbreaking sustainability agreements of last year could not have happened without the strong engagement of business working with other stakeholders and governments, and UNEA must also engage the private sector,” Kennedy said.  Innovation, enabling frameworks for cost effective and scientifically sound policy design, and the need to work with business in partnerships are priorities for USCIB’s ongoing involvement in UN environmental work

The UN Environment Assembly next May will be the first major inter-governmental sustainability meeting since the Paris climate summit. The assembly will place special emphasis on “Delivering the Environmental Aspects of the SDGs.”  Ministers will meet to consider how to jumpstart and deepen implementation on environmental issues embedded in the UN 2030 Agenda for Sustainable Development.

UNEP is the authoritative environmental agency in the United Nations system.  USCIB will be discussing business issues and strategy for the second UN Environment Assembly at the next meeting of the USCIB Environment Committee in Washington DC on March 8.

Is the Trans-Pacific Partnership a Catalyst for Climate Action?

L-R: Claire Reade (Arnold & Porter), Ben Beachy (Sierra Club), Norine Kennedy (USCIB) and Michael Gerrard (Columbia Law School)
L-R: Claire Reade (Arnold & Porter), Ben Beachy (Sierra Club), Norine Kennedy (USCIB) and Michael Gerrard (Columbia Law School)

One of the most important challenges in 2016 will be developing mutually reinforcing international trade and climate policies, seeking synergies in the global market place for economic growth and environmental innovation. Yet difficulties remain. Nowhere is this more evident than in the controversy swirling around the Trans-Pacific Partnership, a free trade agreement between 12 Pacific-Rim countries representing 40 percent of global GDP, and the perception by some groups that TPP could impede climate action. USCIB champions free trade, investment and climate action, and supports TPP and other free trade agreements, along with the United Nations Paris Agreement, and is uniquely placed to advocate for the important links between them.

USCIB participated in a panel on January 19 organized by the Columbia Center on Sustainable Development (CCSI) about the effects of TPP on domestic and international climate change policy.  While much of the discussion focused on TPP’s investment chapter, Norine Kennedy, USCIB’s vice president for strategic international engagement, energy and environment, urged panelists to consider TPP as a whole in economic and environmental terms, especially in the context of the recently concluded UN Paris Agreement, which will require substantial investment, finance and technology cooperation to meet ambitious objectives for greenhouse gas reduction.

Claire Reade (Arnold & Porter) argued TPP goes above and beyond the environmental protections found in previous trade agreements and would facilitate the transfer of clean technologies,  Moreover, it will provide recourse for U.S. companies of all sectors, such as clean energy and green technology, in cases of discriminatory or unlawful treatment by host governments. However, Ben Beachy (Sierra Club) and Lise Johnson (CCSI) stated concerns that the agreement’s Investor-State Dispute (ISDS) mechanism would increase legal actions against governments and hinder environmental regulations among TPP parties.

Kennedy argued that investors require security and protection to make the investments needed to implement the Paris outcomes, and ISDS through TPP is an important part of that.  “Both the UN Paris and TPP agreements are too important to fail,” Kennedy said, and reminded the group of President Obama’s final State of the Union Address highlighting the need for both rapid climate policy implementation and ratification of TPP.

The TPP agreement’s 30 chapters cover issues ranging from market access, to intellectual property rights, to labor standards. TPP offers opportunities to strengthen climate action via provisions on capacity building, regulatory coherence, anti corruption and rule of law.

“TPP is a must-have for climate action,” Kennedy concluded. “It’s part of the bigger picture of policy and market infrastructure for climate-friendly economic activity.”

2015: A Landmark Year for Sustainability

Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.
Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.

On December 12, the international community ended one of the most productive years of sustainability policy since 1992, when 194 countries concluded a long-term UN climate treaty known as the Paris Climate Agreement (PCA).

The Paris Climate Summit attracted 150 heads of state, including President Obama, along with more than 40,000 registered attendees and unprecedented business representatives. Combined with the UN’s new 2030 Development Agenda, the Paris agreement shows how the international community has defined an integrated multilateral framework of sustainability policy, implementation, markets and partnership that will depend on business innovation and investment, and impact companies of all sectors and sizes.

The Paris Agreement is a departure from its predecessor, the 1997 Kyoto Protocol, since it is based on national pledges that were not the subject of the negotiations.  Among the agreement’s highlights:

  • Establishment of an international framework for stocktaking on government actions in several areas, including mitigation, adaptation and technology cooperation. Countries are obliged to report on progress and set progressively more ambitious greenhouse gas reduction targets at five year intervals.
  • Ambitious long term goals to limit mean temperature rise to 2.0 C, strive to 1.5 C, with global peaking and net carbon neutrality in the second half of the century.
  • Call for public and private sources to mobilize a minimum of $100 billion per year to support climate action in developing countries, increasing after 2020.

The agreement will enter into force when 55 countries making up 55 percent of global emissions ratify it.  USCIB noted several positive outcomes for business in the Paris agreement relating to technology innovation, the option to use markets for emissions reductions, and the engagement of business in near-term actions and technical inputs.

Historic Business Support and Attendance at COP21

“Business was seeking flexibility and clarity in this agreement, especially with regard to the possible use of markets at national and international levels,” said USCIB member Nick Campbell (Arkema). “We are pleased to see that the Paris Agreement does not preclude these options, and the door remains open for carbon markets to evolve among interested countries.”

USCIB members and staff, including President and CEO Peter Robinson and Vice President for Energy, Environment and Strategic International Engagement Norine Kennedy, were on the ground in Paris to advance USCIB policy priorities, hold several side meetings and presentations on U.S. business climate perspectives and demonstrate business’s stake in a successful outcome.

Prior to COP21, USCIB had strong concerns that some countries would attempt to address intellectual property in the Paris outcome as a barrier to the transfer of green technology. Thanks to sustained advocacy from USCIB and many other business organizations, the Paris Agreement does not reference IP, and underscores the need for enabling frameworks.

“Open trade and strong IP protection are central enabling conditions for innovation, stimulating investment and disseminating new greener technologies and knowledge,” said Kennedy. “Many governments continue to express interest in engaging with the private sector on climate action, and business will remain involved in the process as countries move to elaborate and implement the agreement.”

US Business Seeks A Recognized Role for the Private Sector

USCIB and the American Chamber of Commerce in France issued a joint declaration following a daylong meeting they convened on the role of U.S. companies in elaborating and implementing the Paris Climate Summit outcomes.

The declaration stated: “Until now, business groups have been viewed as ‘observers’ at these vital UN deliberations. Yet in view of all that business does and offers, that is a misnomer. We see COP21 as a pivotal opportunity to pursue institutional innovation. New challenges require new ways of working together, which can be achieved through the recognition and expansion of partnerships, dialogue and consultation between governments and the private sector.”

The two business groups stated that a recognized business consultative relationship would provide both long-term and short-term benefits, helping governments prioritize policies to address climate change, while allowing companies to better invest in cleaner technologies and solutions. This interface could provide national governments and the UN secretariat with detailed technical guidance on a range of matters, including implementation of the Intended Nationally Determined Contributions (INDCs) at the national and international levels.

In addition, USCIB represented U.S. business at the Business Climate Summit, a CEO level event organized by MEDEF, the pre-eminent French business group, in the second week of the Paris Climate Summit.  Its conclusions also called for recognized dialogue with business as a necessary next step after COP21.

Further UN climate discussions beginning in 2016 will be needed to elaborate the agreement.  Addressing the follow-up that will be required, USCIB’s Robinson stated: “Our takeaway from Paris is that the UN needs business. A solid working relationship between business and the UN system will be the catalyst for effective implementation.  To be sure, business needs the UN Climate Agreement – but more importantly, the UN needs business.”

Taking Stock: USCIB’s Campaign2015 Initiative 

In early 2015, USCIB launched a dedicated advocacy and outreach initiative to bring the voice of U.S. business into the multiple UN deliberations on sustainability which played out in 2015.

Campaign 2015’s objectives were to:

Represent U.S. business interests in real time – USCIB leadership and staff was able to travel to ensure U.S. business was at the table to inform the policy debate with persuasive and unique content

Champion and amplify USCIB messages, and communicate to influential audiences – USCIB held several dedicated meetings in Paris, New York, Washington, D.C. and Tokyo to voice positions, stimulate dialogue and advance USCIB visibility.

Promote opportunities and enabling frameworks for business investment, action, collaboration and innovation, utilizing USCIB’s Business for 2030 website as a platform for recommendations and USCIB member achievements.

Looking ahead to 2016, we expect to see a shift of UN discussions towards elaboration, implementation and tracking.   The private sector will be a central participant, and there will be many opportunities for the U.S. business community to contribute to these global endeavors with the right enabling frameworks, and with recognized options for business involvement.

As it determines how to build on Campaign 2015, USCIB will:

  • Assess specific tasks and opportunities assigned to business by the UN 2030 Development Agenda and SDGs in New York and through the UNFCCC
  • Build on USCIB’s Business for 2030 website to continue to collect examples of business action, and offer additional resources for partnerships
  • Identify opportunities to continue the dialogue and demonstrate the value of business engagement in forthcoming policy deliberations.

Business Reflections on COP21

COP21_sideventAfter four years of intensive negotiations, 194 countries concluded a long-term global climate treaty, known as the Paris Agreement, to reduce worldwide greenhouse gas emissions. The two-week meeting, which concluded on December 12, was one of the largest gatherings in the history of the UN Framework Convention on Climate Change (UNFCCC), with 150 heads of state on hand, more than 40,000 registered attendees and unprecedented business involvement. USCIB members and staff, including President and CEO Peter Robinson and Vice President for Energy, Environment and International Engagement Norine Kennedy, were on the ground in Paris to advance USCIB policy priorities, hold several side meetings and presentations on US business climate perspectives and demonstrate business’s stake in a successful outcome.

The Paris Agreement is based on national pledges to reduce greenhouse gas emissions, and sets out an international framework for stocktaking on government actions in several areas, including mitigation, adaptation and technology cooperation. The agreement requires countries to report on progress and calls on them to set progressively more ambitious greenhouse gas reduction targets at five year intervals. There will be many opportunities for the private sector to contribute to this global endeavor, although some specifics regarding the agreement’s implementation still require elaboration.  It sets ambitious long term goals to limit mean temperature rise to 1.5 C, with global peaking and net carbon neutrality in the second half of the century.  It also calls on public and private sources to mobilize a minimum of $100 billion per year to support climate action in developing countries, with that amount to increase after 2020. The Paris Agreement will enter into force when 55 countries making up 55% of global emissions ratify it.

USCIB noted several positive outcomes for business in the Paris Agreement relating to technology innovation, the option to use markets for emissions reductions, and the engagement of business in near term actions and technical inputs.

“Business was seeking flexibility and clarity in this agreement, especially with regard to the possible use of markets at national and international levels,” said USCIB member Nick Campbell (Arkema). “We note that the Paris Agreement does not preclude these options, and the door remains open for carbon markets to evolve among interested countries.”

Prior to COP21, USCIB had strong concerns that some countries would attempt to address intellectual property in the Paris outcome as a barrier to the transfer of green technology. Thanks to sustained advocacy from USCIB and many other business organizations, the Paris Agreement does not reference IP, and underscores the need for enabling frameworks.

“Open trade and strong IP protection  are central enabling conditions for innovation, stimulating investment and disseminating new greener technologies and knowledge,” said Norine Kennedy, USCIB’s vice president for strategic international engagement, energy and environment. “Many governments continue to express interest in engaging with the private sector on climate action, and business will remain involved in the process as countries move to elaborate and implement the agreement.”

Visit our climate homepage for more coverage of COP21.

USCIB Hails Long-Term Paris Agreement, Calls for Engagement with Private Sector

Norine Kennedy and Peter Robinson speak at a press conference on December 9 at COP21 in Paris.
Norine Kennedy and Peter Robinson speak at a COP21 side event on December 9 in Paris.

Governments reached a long-awaited climate accord on December 12 in Paris, bringing an end to four years of intensive United Nations negotiations to set a new global plan from 2020 onward, with long-term targets through the end of the century. The two-week meeting, known as the 21st Conference of Parties (COP21), brought together President Obama, UN Secretary General Ban Ki Moon, and over 150 heads of state. In addition to the governmental meetings, businesses and other non-state representatives from every region of the world presented numerous new initiatives and solutions to the climate challenge at multiple venues.

“USCIB members were on hand at COP21 in unprecedented numbers to demonstrate their commitment and stake in the accord, and we are confident that this engagement will continue,” stated USCIB President and CEO Peter Robinson. “USCIB is ready to strengthen its involvement with the UN process to build long-term cooperation for practical and cost-effective results.”

Robinson went on to thank the government of France for organizing COP21 and shepherding the agreement to its conclusion, and noted its excellent partnership with industry including  business groups such as MEDEF and ICC-France. He also commended the strong and positive representation in Paris of multiple national and international business organizations, coordinated in large part by the International Chamber of Commerce (ICC), for which USCIB serves as U.S. affiliate.

Read ICC’s press release.

Unlike its predecessor, the Kyoto Protocol, this new universal agreement engages all countries in climate action under an international cooperative framework on mitigation, adaptation and resilience, requiring periodic reporting and review of governmental actions, Based on a foundation of national pledges and actions, the agreement calls on countries to set progressively more ambitious greenhouse gas reduction targets at five year intervals.


Robinson speaks to Climate TV about private-sector involvement in the Paris Agreement

While questions do remain about the feasibility of the Paris Agreement’s longer term target to eventually limit mean temperature change to 1.5  degrees C,  the new treaty does recognize the need for enabling frameworks in global markets and policy necessary to mobilize business innovation and investment across all sectors.  These will be essential to shift national economies and the dynamics of the global market place to help meet the agreement’s ambitious targets.

John_Kerry_COP21
“What’s happening in the private sector is nothing less than extraordinary… If we send the right signals – if we make the right choices – the private sector will deliver.” – John Kerry, U.S. Secretary of State

“In its over 20 years of involvement in the UN Framework Convention on Climate Change (UNFCCC) process, USCIB has emphasized that the lynchpin for successful implementation will be private sector involvement at national and global levels,” Norine Kennedy, USCIB’s VP for Environment and Energy said. “Governments will look to business for technical input, as well as finance, investment and implementation, and we are ready to step up.  Thanks to a concerted effort by USCIB and other US business groups, the agreement provides clarity on markets, while steering clear of confusion on intellectual property rights protection. 

In coming weeks, USCIB will assess the Paris outcomes and set priorities for its engagement with the first phase of the Paris Agreement, in partnership with ICC, the Major Economies Business Forum and other business organizations.

BIAC Welcomes COP21 Outcomes and Calls for Dynamic Role for the OECD

More information on USCIB’s activities at COP21 available on our climate homepage.

Highlights from the First Week of COP21

Norine Kennedy (USCIB) speaks at an event at the U.S. Center about using trade to jump start Paris action.
Norine Kennedy (USCIB) speaks at an event at the U.S. Center about using trade to jump start Paris action.

World leaders representing nearly 200 nations have gathered in Paris for the Conference of the Parties (COP21) to finalize a long-term global climate agreement aimed at reducing greenhouse gas emissions and helping communities deal with the adverse effects of global warming. On December 5, the draft climate agreement agreed by 195 countries was presented to the COP. The COP president hopes to have an outcome ready for review by Friday, December 11.

USCIB led an American business delegation to Paris, providing critical business recommendations and engagement to the UN through its global network, including the International Chamber of Commerce (ICC), and in partnership with the Major Economies Business Forum on Energy Security and Climate Change (BizMEF), to inform the agreement’s outcome, ensuring that its conclusions truly work for business.

COP21 will conclude on December 11. Here are some highlights from week one of the world’s largest climate change summit.

Find out more on USCIB’s climate homepage.

U.S. business appeals for private-sector role in UN climate talks

L-R: Pierre Dejoux (Otis/United Technologies), Alexandra Liftman (Bank of America) and Peter Robinson (USCIB)
L-R: Pierre Dejoux (Otis/United Technologies), Alexandra Liftman (Bank of America) and Peter Robinson (USCIB)

American business representatives gathered at the UN climate summit in Paris have appealed to governments to establish a mechanism for ongoing, substantive dialogue with the private sector, saying such a mechanism is essential to achieving COP21’s goal of effectively addressing global climate change.

USCIB and the American Chamber of Commerce in France issued a joint declaration following a business briefing on December 5 that coincided with the halfway point of COP21.

The declaration stated: “Until now, business groups have been viewed as ‘observers’ at these vital UN deliberations. Yet in view of all that business does and offers, that is a misnomer. We see COP21 as a pivotal opportunity to pursue institutional innovation. New challenges require new ways of working together, which can be achieved through the recognition and expansion of partnerships, dialogue and consultation between governments and the private sector.”

“Our takeaway from today is that the UN needs business,” USCIB President CEO Peter Robinson said at the meeting. “It needs a solid working relationship between business and the UN system. To be sure, business needs the UN Climate Agreement – but more importantly, the UNFCCC needs business.”

Read the full press release here.

View photos of the event (Flickr).

Business rallies in support of COP21 agreement

Business representatives taking part in the official COP21 Business and Industry (BINGO) Day on December 4 called on governments to seal a deal that will work with the private sector and help them do more to meet the climate challenge.

“A COP21 agreement must work with business to speed and scale up the innovation and investment needed to reduce emissions and increase resilience to changing weather patterns,” said ICC Secretary General John Danilovich.  Danilovich pointed to the estimated $53 trillion investment required in energy supply and efficiency that is largely expected to come from the private sector, saying “It’s clear that business action and engagement will be, without doubt, a central and defining part of the solution [to the climate challenge].”

In a letter to the New York Times on December 4, Danilovich also said: “It is therefore vital that the Paris talks mark the start of a new era of collaboration with business when it comes to climate change.”

Read more on ICC’s website.

Climate pledges at a glance

Never have there been more world leaders focused on one issue, for one day, in one place. 150 presidents and prime ministers, along with 40,000 delegates from 195 countries and civil society and businesses have been attending COP21. Pledges made by countries during the first week of COP21 include:

  • $248 million in adaptation finance pledged for the world’s poorest by 11 countries to the Least Developed Countries Fund.
  • $500 million for a green incentives fund by Germany, Norway, Sweden and Switzerland in partnership with the World Bank.
  • Mission Innovation,” a public-private partnership unveiled by President Obama and Bill Gates pledging $20 billion over five years of R&D funding for clean energy innovation.
  • One trillion dollars by 2030 for the massive deployment of affordable solar energy in developing countries through the “International Solar Energy Alliance” backed up by 120 countries.
  • 2 billion euros pledged by France in renewable energy in Africa from 2016-20.

At the start of COP21 on November 30, President Obama said: “We are the first generation to feel the impact of climate change, and the last generation that can do something about it.”

COP21 will conclude on December 11.