Clean Energy Industries Call for New Negotiation Round and Legally-Binding Climate Treaty in Bali
Bali, Indonesia – In an address to the opening session of the United Nations Framework Convention on Climate Change (UNFCCC) negotiations in Bali, the Business Council for Sustainable Energy (BCSE) and its international industry partners called upon delegates to launch a legally-binding climate change regime to follow the Kyoto Protocol when it expires in 2012.
“Our industries are actively reducing our own emissions, deploying and developing sustainable and energy efficiency technologies and are moving substantial capital into this area,” said Steve Sawyer, Secretary General of the Global Wind Energy Council. “Our organizations support the continuation of a legally-binding multilateral regime to address climate change in order to provide signals to the marketplace that accelerate climate-responsible investments.”
Sawyer delivered the intervention before UN delegates of the Ad Hoc Working Group on Further Commitments for Annex I Parties Under the Kyoto Protocol on behalf of the Australian Clean Energy Council, the European, United Kingdom, and United States Business Councils for Sustainable Energy, the Global Wind Energy Council, and the International Carbon Investors and Services. This global alliance represents companies and trade associations around the world with billions of dollars in financial capital and investments, and a strong commercial interest in the expansion of sustainable energy and energy efficiency markets.
“We urge emphasis of the following four elements that will be essential to a successful roadmap in Bali and beyond: 1) agree to launch a new negotiating round on a post-2012 framework; 2) agree to conclude negotiations on such a global agreement by 2009; 3) agree on elements of a stable long-term market framework for low carbon technology development and deployment; and, 4) agree to maintain continuity in the legally-binding frameworks underpinning the carbon market,” said Sawyer.
“The decisions made here in Bali will have the potential to significantly catalyze business investment in climate solutions,” said Lisa Jacobson, Executive Director of the Business Council for Sustainable Energy. “Absent credible long-term incentives from government, businesses are unlikely to commit capital at the scale necessary to address the climate challenge.”
“The Intergovernmental Panel on Climate Change report released in November found that, ‘without substantial investment flows and effective technology transfer, it may be difficult to achieve emission reduction at a significant scale,’” added Jacobson.
BCSE’s Bali intervention statement (96.05 KB)