Co-authored by PwC with Duke Energy, DONG Energy and CLSA, this paper is the first in a series to be published by the Copenhagen Climate Council as input to the World Business Summit on Climate Change in May 2009.
The papers are designed to send a strong message from the business community to the 2009 UN Climate Change conference on how to remove barriers and create incentives for the implementation of new solutions in a post-Kyoto framework, reinforcing the need for urgent action to tackle emissions growth.
This paper sets out the role that markets and other government interventions, such as energy efficiency standards, will need to play in order to build a low-carbon economy in the next five to ten years.
To steer choices for consumers, businesses and governments, it calls for:
- A clear and real price on carbon dioxide emissions; and
- Longer-term and more ambitious emissions cuts to be agreed at UN Summit in 2009.
Richard Gledhill, global climate change leader, says: "The reaction to the credit crisis has shown that an internationally coordinated, bold response to a global challenge is possible. When world leaders meet in Copenhagen in December 2009 to set out a new global climate treaty it is vital that they remember this lesson.
The international business community is expecting an ambitious and global coordinated framework to limit the impacts of climate change which utilises all the tools in the box, including mobilising markets and reforming institutions and regulations."
