International businesses have issued a call for fixed carbon pricing, but so far, they have not lived up to their word. EurActiv France reports.
The Business and Climate Summit closed in Paris on 21 March, with a call for an ambitious climate agreement at the COP 21 in December.
But the private sector has yet to provide an answer to the most pressing question: how should climate action be financed?
UNESCO’s Paris headquarters hosted the two-day conference, attended by 2000 leading entrepreneurs from companies including Carrefour, Michelin, Renault, EDF and Engie.
The COP 21, which will take place in Paris this December, is a chance for international leaders to agree on measures to limit global warming to +2°C. Ban Ki-moon, the UN Secretary-General, has urged big businesses to play their part.
Pierre-André de Chalendar, the CEO of Saint-Gobain, said, “I don’t think such a meeting would have been possible two or three years ago. But today, the private sector is ready to take on an active role in the fight against climate change. We all know we could do more.”
Read more at EurActiv