Heads of state and government from more than 50 nations met with nearly 200 leaders of global business and civil society organizations at the United Nations today to convey their support for a balanced, fair and effective global climate agreement.
The UN Leadership Forum on Climate Change, organized by the UN Global Compact in collaboration with a broad group of UN Agencies, Funds and Programmes, issued a strong outcome declaration urging governments to take bold climate action in Copenhagen. Excerpt:
“The future of the global marketplace hangs in the balance. A global agreement on climate and a sufficient price for carbon will help ensure the continuation of a global marketplace based on openness and competition. Strong markets are needed to diffuse climate solutions. On the other hand, failure to find agreement would result in trade tensions and competitive distortions that not only threaten the foundations of our global economy, but also any future advances in sustainable economic and social development.”