On the 5th of October 2016, 11 major corporations expressed support for the Paris Agreement on Climate Change. This statement was developed by the Center for Climate and Energy Solutions (C2ES).
C2ES is an independent, non-governmental, non-profit organization created in 2011 in the United States to organize a sustainable and affordable energy production without any negative impact on the environment. C2ES is the successor organization of the Center for Study of Global Climate Change, which has been recognized worldwide as an influential publicity center on climate change.
The companies that have signed the statement were as follows:
• Berkshire Hathaway ENERGY;
• HP Inc.;
• NATIONAL PG&E;
• RIO TINTO;
• SCHNEIDER ELECTRIC;
The text of the document reads: “The Paris Agreement on Climate Change is a significant achievement that will create a solid foundation for the gradual build-up of efforts on the global scale in order to address the causes and consequences of climate change.”
It is believed that the provision of funding for these economic changes will play an important role in the future as the use of renewable energy is becoming more and more sensible investment.
Companies see the strengthening of the role of private business in this transition:
Providing long-term goals that can keep global warming below 2 °C by regulating global emissions and ensuring investment in the development of the relevant technologies.
Ensuring transparency. Transparency of intentions and development policy will allow companies to better anticipate regulatory risks and their economic opportunities.
Solution of the competitiveness problem. Global presence in the markets and regular revision of national regulations will contribute to solving the problems with the competitive imbalances that remain a problem for businesses.
Regulation of pricing of hydrocarbons, taking into account the environmental integrity and the system of international emissions trading, will boost confidence in the hydrocarbon markets and will be an important tool for cost-effective emission reductions.
The statement calls on governments around the world to accede to the Paris Agreement as soon as possible, to join efforts, to adopt and implement the internal measures necessary to achieve their national contributions.