FOR IMMEDIATE RELEASE
September 19, 2014
Contact: Laura Tierney
Email: [email protected]
Global Leadership on Climate Change Critical for Clean Energy Deployment
BCSE Businesses are Partnering to Take Climate Action, Improve Climate Resilience
Washington, DC – In advance of next week’s UN Climate Summit on September 23, the Business Council on Sustainable Energy (BCSE) calls upon world leaders to utilize the opportunity to move the international discussion on climate change forward and to actively lead our economies towards a low-carbon energy future.
This Summit provides an unprecedented opportunity for world leaders to demonstrate their commitment to reducing greenhouse gas (GHG) emissions and to improving climate resilience. This momentum can continue into Lima at COP20 and into 2015, when major emitting countries will be presenting national contributions to the global community for review.
“Clean energy industries are at the frontlines of the low-carbon transition and seek policy leadership from governments to send continued market signals for clean energy investments,” remarked Lisa Jacobson, President of the Council. “There is a lot of work to be done before Paris at COP21. Our industries are engaged, making investments and developing projects that can be measured, and verified against a goal. Business is looking for clear leadership from governments to set that goal, and we encourage countries to keep the formal climate negotiations on track.”
With an eye toward the next fifteen months, as countries are preparing their intended contributions to a new agreement, the BCSE’s coalition of existing, commercially-available clean energy technology solutions call for the:
- Meeting of the milestones and delivering of policy and financing commitments by governments on the road towards Paris.
- Continued active dialogue and partnership with the private sector. The UN Climate Summit showcases the need for public-private partnership to address climate change. Businesses are working with governments under the Sustainable Energy for All initiative to identify cities around the world that are transforming their built environment with comprehensive energy efficiency programs. The private sector offers a wealth of leadership and innovation that needs to be more formally brought into the process, as demonstrated by the high-profile Private Sector Forum, and the numerous concurrent external events focused on carbon pricing & markets, financing, technology and green trade.
- Recognition of market-based mechanisms and a price on carbon as part of the solution. The use of market-based mechanisms and the pricing of carbon need to be recognized and supported in a new climate agreement. Their use will allow for cost-effective clean energy mitigation and adaptation solutions to be more broadly deployed. The BCSE is a signatory to the World Bank’s “Put a Price on Carbon” campaign, which is expected to be announced at the Climate Summit’s Private Sector Forum.
- Design of domestic policy priorities that prioritize clean energy and energy efficiency. Setting these priorities will create market signals that will drive large-scale institutional investment into clean energy sectors. Although these technology solutions are commercially-available, large scale investment is on the sidelines. The creation of the enabling environments that offer safe, secure investment opportunities is critical.
Download the full press statement here.