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BONN, Germany—Business leaders from around the world have joined forces in calling on governments to take urgent and substantial action to tackle global warming, saying the current global economic crisis and the impact of climate change are the major challenges the world is facing. The business sector said urgent crafting by governments of comprehensive, long-term and effective policy frameworks, in close consultation with the business community and civil society, must be designed to make markets work for the climate, according to reports distributed here in Bonn. “We do possess realistic options for solutions,” said Bjorn Stigson, president of the World Business Council for Sustainable Development (WBCSD), “Global business has the resources to deliver energy efficiencies, to innovate, to develop and deploy technology that can create a more resource-efficient economy.” WBCSD is a CEO-led, global association of some 200 companies dealing exclusively with business and sustainable development. To ensure future prosperity, countries need a high-growth and low-carbon world economy, Stigson said. “Acting on climate change is more urgent than ever,” he added. It is estimated that up to 20 million jobs worldwide can be created in renewable energy alone by 2030, twice the level of job creation that would be achieved with a fossil fuel-based energy. Last month, businesses leaders met in Denmark to try to unite behind a call for long-term climate policies on oil, power and technology. This year is particularly significant as negotiations on a United Nations Framework Convention on Climate Change intensify toward reaching a consensus in Copenhagen in December on a post-2012 framework to regulate green house gas emissions. The second round of climate talks here in Bonn, attended by more than 180 nations, is set to start making more detailed proposals on an initial round of comments on a proposed draft for the climate change deal. Chambers of commerce speak Meanwhile, leaders of the international chambers of commerce community issued this week a statement at the World Chambers Congress held in Malaysia, identifying the current global economic crisis and the impacts of climate change as two major challenges that transcend national borders and require concerted international cooperation. “Companies and chambers of commerce have a critical role to play in meeting these challenges together with governments. However, more effective ways of governing an interdependent world are needed,” the statement said. It added that a future framework must facilitate the scaling-up of research and development of clean energy technologies through new financial mechanisms. “Immediate deployment of cost-effective existing technologies should be encouraged. Innovative public-private partnerships that foster rapid development of advanced technologies to reduce emissions will also play a pivotal role,” the statement continued. Kimball Chen, chairman of the energy transportation group in the United States, stressed that the business sector also needs to learn about the issues surrounding global warming. “There will be economic consequences of climate change. You must plan for them and you must act. Action is imperative, it is not a choice,” Chen warned. International Chamber of Commerce secretary-general Guy Sebban said sustainable development depends on economic growth and recovery. “The global economic crisis has underscored the urgency of sustainable development, emphasizing a mutually reinforcing balance of economic, social and environmental progress,” Sebban said. |