Business leaders from larger economies can play a crucial role in addressing the impacts of climate change and provide support towards adaptation and mitigation measures in reducing carbon emissions.
This was highlighted by Fiji’s Ambassador to the European Union and COP23 Climate Ambassador, Deo Saran, at the Major Economies Business Forum Dialogue in Bonn, Germany.
Addressing participants from government delegations, business leaders, academics and officials from the UN, Ambassador Saran said that the Grand Coalition established by the Fijian COP presidency brings together all stakeholders who can influence change.
“We are committed to using our Presidency to steer the world towards the 1.5 target that is already in the Paris Agreement. For many Islands and vulnerable communities, this is a question of survival.
This will require the world to come together in a Grand Coalition to raise ambition. Not only the Parties, but all those who have the power to act: governments at every level, civil society, faith communities, the private sector and ordinary men and women across the world. Governments cannot do this alone and the Fijian Presidency values inclusiveness.”
Ambassador Saran also presented ways in which business leaders can use their role to reduce carbon emissions. He also pointed out that if the United Nations sustainable development goals, specifically goal 13 on combatting climate change and its impacts, can be achieved, there will be opportunities for further economic growth.
“Taking action on climate is a critical part of achieving the Sustainable Development Goals (SDGs). When we take action on climate, the impacts go far beyond just Goal 13 – their ripples positively impact goals related to health, communities, hunger, energy and cities, just to name a few. Even the strongest communities and economies can’t survive on a dead planet.
Ladies and Gentleman, achieving the SDGs will drive innovation, growth and development that generates up to 380 million annual jobs worldwide while creating at least US$12 trillion in business value per year by 2030. That’s over half of what is needed to meet the demand for 600 million new jobs every year.”
The role of the Business Forum dialogue is to bring together relevant parties and stakeholders and to explore topics of shared interest relating to private sector roles and contributions to the multilateral climate process. This year’s forum addressed expectations and business contributions to:
• procedures required to implement the Paris Agreement,
• the 2018 Facilitative Dialogue and later global stocktakes, including information, sources and procedures to: assess collective progress; review, assess and renew Nationally Determined Contributions (NDCs); and institute the transparency framework for action and support, and
• BizMEF’s proposals for a recognised channel for business input and engagement in technical and policy deliberations in the multilateral process.