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December 7, 2011

Contact: Laura Tierney  
Email: [email protected] 

Climate Solutions Business Coalition Speaks on the Prospect of Investment Signal Coming out of Durban

Certainty = private investment = clean technology.  Why don't they get it?

DURBAN, South Africa - The Climate Solutions Business Coalition, which represents billions of dollars in private capital in the clean energy sector, investor community, and carbon markets, calls on the Parties in Durban to salvage the opportunity for investment signals to come out of COP17/CMP7.

Parties should make decisions on the post-2012 status of the Clean Development Mechanism (CDM) and provide clarity to investors on the shape and scope of future international climate change finance and market-based programs.

Despite contrary views, the coalition believes that concrete, constructive outcomes are possible in Durban and that the international clean energy business community is ready to act and invest based on those decisions. The Coalition highlights technology, markets, and finance as areas that are ready for outcomes and that are crucial to investment decisions.

The Climate Solutions Business Coalition will hold a press conference tomorrow, Thursday, 8 December at 15:30 in the Kosi Palm room to discuss its call for the Parties to deliver investment signals in the final days of COP17/CMP7.

Speaking at the press conference and available for questions will be Miles Austin, Director, Climate Markets & Investors Association, Henry Derwent, President & CEO, International Emissions Trading Association, Lisa Jacobson, President, Business Council for Sustainable Energy, and Steve Sawyer, Secretary General, Global Wind Energy Council.

For more information on the Climate Solutions Business Coalition and Thursday's press conference, please contact Laura Tierney at [email protected].

Click here for a PDF version of this release.