Business & Climate Summit
The Business & Climate Summit is the leading annual forum for businesses, investors and policymakers on climate action. It is where business and governments come together to agree on a roadmap for reaching net zero emissions over the next half century. It demonstrates how low carbon strategies are good for business and good for growth – and builds the partnerships needed to scale up and accelerate the low carbon transition.
The underlying theme of BCS is that the businesses hold the key to meeting global carbon reduction targets; and collaboration between business and government is critical to success.
Federation of Indian Chambers of Commerce and Industry (FICCI) is organizing the third edition of BCS on 31st August and 1st September 2017 in New Delhi. New Delhi is the seat of the Central Government and its various Ministries which are at the helm of domestic policymaking and international policy dialogue on climate change.
FICCI believes business and industry has a central role to play in shaping the policy environment to support climate change mitigation and adaptation, and that the corporate sector should increasingly bring its voice in the international climate change dialogue to push for an enabling environment that helps businesses to make a transition to a low carbon trajectory while harnessing the opportunities of such a transition.
In light of this belief, FICCI sees BCS not as a one-off standalone event, but a path building opportunity, that will create linkages for businesses with each other and with governments and other stakeholders, and will take the business voice to the global community. It is a journey that the partners must build for business in the run-up to BCS 2017 and from one BCS to the next. The voice of business should gather momentum from one location to the next of each BCS, and feed into the annual Conference of Parties of the UNFCCC as well as other international forums.
The Business & Climate Summit would be attended by Ministers, Senior Government Officials, Business Leaders, International Agencies, Banks & Financial Institutions, Senior Business Executives and Media from different parts of the world.
BCS 2017 - Objectives
- Express business belief that accelerated reduction in GHG emissions to limit global warming to +2°C maximum is compatible with the pursuit of human, social and economic development, and their commitment to engage in this direction.
- Increase awareness of international policy makers about the wealth of solutions developed by companies and the conditions for deployment of these solutions.
- Debate and present the priority policies required to allow the accelerated deployment of these solutions in the world and ensure that climate change is taken into account in all policy decisions
- Showcase business leadership in addressing climate change, highlight how businesses can provide solutions to help governments achieve climate change objectives.
BCS 2017 building up the BCS platform
- Making the Summit truly global and representative – The first and second BCS had participation from Europe, USA, China and India. This year the participation base will also include SAARC Countries, ASEAN, Middle East, South American and African nations.
- Focusing on sustainable business and technology models and case studies with potential for scalability and replicability.
- Mobilizing SMEs for engaging in the low carbon opportunity, as potential for transformation can be immense, but policies and business models for SMEs will be different.
- Focusing on areas where market creation is an imperative for private sector engagement and successful public private partnerships in low carbon development
BUSINESS & CLIMATE SUMMIT 2016
2016 was the turning point. In the aftermath of the Paris Agreement we were on an irreversible path to a net zero carbon economy. However, to keep the average global temperature increase well below two degrees, need was to act faster and more decisively than ever. Since it was no longer just about commitments, but also about real climate action.
Business holds the key to meeting global carbon reduction targets; and collaboration between business and government is critical to success. Forward thinking companies with climate change at the heart of their business strategies will reap the benefits of high return investments while those that don’t will face greater risks – from policy, investors and climate change itself.
The 2016 Business & Climate Summit brought together leaders from business, government and finance to deliver real climate action. Building on the overwhelming success of last 2015 event which boasted some of the world’s most influential CEOs and policymakers, the Summit set out a roadmap for how business, in the short, medium and long term, can take advantage of a swift transition to the net zero carbon economy.
Convened by The Climate Group and We Mean Business, supported by International Chamber of Commerce, United Nations Global Compact, World Economic Forum, WBCSD and EPE – Entreprises pour l’Environnement – organizations worked with millions of businesses around the world – Business & Climate Summit took place at Guildhall in London on June 28-29, 2016.
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BUSINESS & CLIMATE SUMMIT 2015
200 days before UN Climate Change Conference in Paris, the May 20 – 21 Business & Climate Summit – also in Paris – provided a unique forum for business and government leaders to demonstrate bold action, adopt forward-looking strategies and call for ambitious policies, allowing us to scale up solutions.
The Business & Climate Summit brought 2000 international business leaders, policymakers and investors to Paris – 200 days before COP21. The Summit was an unprecedented mobilisation convening 25 business networks representing over 6 million companies from more than 130 countries. And together, they called for an alliance of all actors to lead the global transition to a low-carbon, climate resilient economy.
François Hollande, President of the French Republic, opened the Summit and called for business to take action, individual or collective, on the road to the Paris COP 21. Business involvement is an invaluable support for states to reach an ambitious agreement.
Business leaders and investors demonstrated the bold climate actions many of them are already taking, and called upon policymakers to:
- introduce robust and effective carbon pricing mechanisms on all emissions – including the elimination of fossil fuel subsidies;
- establish an alliance between business and governments leading to the integration of climate policies into mainstream economy;
- leverage public funds and private sector finance, to de-risk investment towards low-carbon assets, especially in developing countries.
The Summit concluded with a speech by the French Minister for Foreign Affairs, Laurent Fabius. The Minister encouraged companies to share low-carbon innovation, commit to existing climate action initiatives, publish those commitments on the NAZCA platform and continue the dialogue with governments after COP 21.
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