Business coalition calls for firm CO2 treaty

Continuing the momentum thread, this is from yet another business coalition. There is a consistency in what multiple of the business coalitions are asking for - clarity, commitment, and low uncertainty. They have accepted that carbon price and legislation is coming. They are trying to influence the course now.
Business coalition calls for firm CO2 treaty

The private sector investment needed to tackle climate change will not be made without a binding international deal on carbon emissions, according to the head of a big business coalition.

Lars Josefsson, chairman of Combat Climate Change, a group including BP, General Electric, Unilever and more than 60 other large companies, said business was ready to act but would not do so without a clear regulatory framework.

“The necessary investments will only be made when you have a binding treaty and legislation,” he said in an interview.

“Of the money required to implement a deal, the vast majority – about 80 per cent – will come from the private sector. That can only come when there is a stable legal framework.”

This coalition calls itself the 3C Initiative

Combat Climate Change (3C) is business leaders’ initiative endorsed and actively promoted by the top executives of 66 of the world’s largest corporations.

The main objective of 3C is to support the UNFCCC-led negotiation process to establish a new global agreement on climate change, and to mobilize companies and business leaders across the world to contribute knowledge, resources and leadership to this common goal.
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At present 66 global companies including General Electric, Unilever, Citigroup, BP, Siemens, DTEK, Rusal, Reuters, Duke Energy, Gazprom, China Oil & Offshore Company, Volvo, Tata Power, HP and Vattenfall have joined our initiative!