December 16, 2009


The Copenhagen Business Day event convened at the headquarters of the Confederation of Danish Industry, in Copenhagen, Denmark, on 11 December 2009. Organised by the World Business Council for Sustainable Development (WBCSD) and International Chamber of Commerce (ICC), together with the Confederation of Danish Industry, Copenhagen Business Day met in parallel to the UN Copenhagen Climate Change Conference. This even was the third Business Day, and featured more than 40 speakers and panellists.
Climate change is considered to be one of the most serious threats to sustainable development, with adverse impacts expected on the environment, human health, food security, economic activity, natural resources and physical infrastructure. While the global climate varies naturally, scientists agree that rising concentrations of anthropogenically-produced greenhouse gases (GHGs) in the Earth’s atmosphere are leading to further changes in the climate. These increasing GHG emissions are caused or influenced by factors such as economic growth, technology, population and governance. According to the Intergovernmental Panel on Climate Change (IPCC), the effects of climate change are already being observed, and scientific findings indicate that prompt action is necessary.
Certain sectors of the business community have long been recognised as significant producers of GHG emissions. Increasingly, the business community is also being recognised as important for identifying business-led solutions to climate change challenges. A growing number of corporations acknowledge the importance of corporate social responsibility, risk mitigation and performance dimensions associated with the sustainable production and use of energy. As a result, issues relating to clean technology, carbon markets, energy efficiency and demand-side management, sectoral approaches, voluntary emission reduction commitments, adaptation and forestry are of increasing interest to the business community.
The first Business Day, called the Bali Global Business Day, was organised in parallel with COP13 of the UNFCCC in Nusa Dua, Bali, Indonesia on 10 December 2007. The Bali Global Business Day included panels on energy efficiency, zero-carbon technologies, large scale carbon control, and clarity in climate policy. Business participants at that event made clear that they favoured the successful completion of a new global climate change policy framework, valid beyond 2012, which promotes urgent and sustained mitigation and adaptation plans.
The second such event, “Business Day at COP14,” convened in Poznan, Poland, on 9 December 2008. This event featured panel sessions on: a shared long-term vision; mitigation; adaptation; technology; and financing and investing. Participants sought to contribute to the UNFCCC negotiation process by interrelating the themes of the Bali Action Plan, which charted the course for a new negotiating process designed to tackle climate change, with business capability and initiative: energy efficiency and demand side management; technology development and deployment; carbon markets and financing; and sectoral approaches.
Courtesy: IISD Reporting Services


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