“We are seeing strong and long-term political signals that encourage business to invest with confidence in the low-carbon economy, and we welcome the Marrakesh Partnership for Global Climate Action that has been set up by the climate champions.
This momentum is irreversible. It is being driven collectively by governments, business, cities and other non-state actors as all parties come together to accelerate the transition to a sustainable world.
Business is the key implementation partner for governments around the world as they strive to hit their NDC targets on the pathway towards decarbonization. The most innovative companies are already delivering the solutions that will define future competitiveness.
Through the Low Carbon Technology Partnership initiatives, WBCSD is harnessing the power of more than 150 companies to scale up innovative solutions that can help deliver up to 65% of the emissions reduction that is needed. But initiatives like this go beyond emissions reduction – they define pathways to infrastructure, stimulate trillions of dollars of investment, and create jobs for people in the low-carbon world. We will continue to report the progress of LCTPi every year at COP.
Now more than ever, we must continue to work together to seize this opportunity to scale up the implementation of the Paris Agreement and accelerate the transition to the low-carbon economy.” said Peter Bakker, President and CEO of the World Business Council for Sustainable Development (WBCSD)