More than 500 business leaders from around the world met in Copenhagen to put forward recommendations for the next global treaty on climate change, to be convened at the United Nations Climate Change Conference in December 2009. This paper looks at the six steps identified as imperative to addressing climate change, and their potential impacts on business. The six steps, referred to as the 'Copenhagen call', were presented to Danish Prime Minister Lars Løkke Rasmussen and Yvo de Boer, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC).
- Agreement on a science-based greenhouse gas stabilization path with 2020 and 2050 emissions reduction targets
- effective measurement, reporting and verification of emissions
- incentives for a dramatic increase in financing low emissions tec hnologies
- deployment of existing low emissions tec hnologies and the development of new ones
- funds to make communities more resilient and able to adapt to the effects of climate change
- innovative means to protect forests and balance the carbon cycle.