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CEOs Call for Paris Deal - Jurists Release Principles 24 April 15

Experts in international, human rights and environmental law fields released a set of Principles in March 2015 as the basis for a new international climate changepact. The precautionary principle leads the experts’ list. Business and corporate entities are included in the sets of responsibilities identified in their principles. An example: “Enterprises in the banking and finance sectors should take into account the GHG effects of any projects they consider financing.”

More recently a global group of corporate CEOs have issued a strong call for a new international climate deal to come from the December Paris negotiations, and lead up conference to prepare for Paris. They appear to support the UN Secretary General’s call for “a collective agreement binding the international community to a zero-carbon world by the end of the century; individual countries coming up with their own plans; a financing package that by 2020 would provide poor countries with $100bn (£68bn) to help them adapt to climate change and mitigate its effects and a stronger role for the private sector to use its innovative skills to find ways of reducing emissions.”

The CEOs issued an open letter, and made commitments to cut their companies’ emissions. The group of 43 chief executives, said they would set internal emission reduction targets and called on negotiators to make sure a new international climate deal limits the global rise in temperatures to below 2 degrees Celsius. (Link to letter below.)

Most governments missed the March 31 deadline to submit their emission reduction targets for the Paris negotiations, to the UN. Canada has indicated that it will not file emission reduction targets until the G8 meets in summer 2015.

Companies signing the CEOs letter include cement maker Lafarge, telecom group Erikson, consumer goods company Unilever, and car maker Volvo

View April 16, 2015 Reuters article
View April 13, 2015 The Guardian article
View Oslo Priniples on Global Climate Change Obligations
View CEOs to World Leaders Letter: Lets Partner on Climate Change Now

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