Calls for Practical Outcomes in Areas of Technology,
Finance & Market Mechanisms
Washington, DC - The Business Council for Sustainable Energy (BCSE) will be in Doha, Qatar this week for the 18th Conference of the Parties (COP)/ 8th Meeting of the Parties under the United Nations Framework Convention on Climate Change (UNFCCC). Leading a delegation of clean energy business leaders, the BCSE will press for continued progress by governments to advance institutions in finance, technology and market mechanisms, as they will become the foundation upon which increased ambition and a post-2020 agreement to address climate change are built upon.
Looking ahead to two weeks of work in Qatar, BCSE President Lisa Jacobson noted, “The talks in Doha this year need to provide the business community with market signals to further drive investment into clean energy technologies, resources, and services to meet both the mitigation and adaptation objectives of nations.” She added, “We feel Doha can deliver on practical outcomes and build toward greater multilateral collaboration in tackling climate change.”
The BCSE calls for decisions to be taken at COP-18 and discussions that begin in Doha for a post-2020 agreement to:
- Launch the Climate Technology Center & Network (CTC&N), include the private sector on its Advisory Board and build off of existing networks of expertise. The Center can showcase how enabling policy frameworks can help build a market and incentivize action to improve energy efficiency and integrate low-carbon and renewable energy sources.
- Recognize the critical role innovation plays in developing the next generation of climate solution technologies and the importance of ensuring enabling environments to facilitate that innovation.
- Encourage the Green Climate Fund to take an innovative approach to financing climate solutions and incorporate private sector experience into its design, governance and operation.
- Activate partnerships with the private sector for adaptation to assist local policy-makers, who are increasingly challenged by extreme weather events and a changing climate.
- Build upon efforts to price carbon in markets around the world, ensure fungibility and clear accounting practices, and include new market mechanisms.
- Utilize private sector expertise in reporting, verifying and monitoring actions to reduce greenhouse gas emissions to build transparency and strengthen trust as negotiations begin for a new regime.
These positions and case studies of BCSE members in action are found in the BCSE's COP18 Fact Sheet: Accelerating Action in Doha.
More information, including greater detail on BCSE-affiliated public events in Doha, can be found in the BCSE's press release.