WBCSD President’s Letter: Business stands behind the Paris Agreement
Today you will have heard the news that the US intends to
withdraw from the Paris Agreement.
Obviously, this is not welcome news – either for the communities and companies
in the US who are now affected by this decision, or for the forward-thinking
companies everywhere who remain committed to accelerating the transition to a
However, this decision does not change the facts:
- The science of climate change is clear, robust and
pathway is the only way to preserve safe planetary boundaries for
- 146 countries have now ratified the Paris Agreement. The Agreement has already
entered into force and provides the right long-term targets for the
remains the best implementation partner for governments around the world
as they strive to achieve and increase these NDC targets.
- The Paris Agreement provides a safe operating space for
business. More than 1,000 frontrunning companies are already taking action
on climate change, including
in the US, and have re-affirmed their deep commitment to
addressing climate change through the implementation of the Paris
- The business case for climate action is compelling. Implementing the Paris Agreement will unlock at least $13.5 trillion of economic
activity over the next 15 years. The solutions under the Low
Carbon Technology Partnerships initiative (LCTPi) alone have the potential
to support 25-45 million jobs each year, while targeting 65% of the
emissions reductions needed.
- Achieving the UN’s Sustainable Development Goals
(SDGs), which include fighting climate change, will unlock US$12 trillion
a year across four economic systems
by 2030. For the SDGs to be achieved, collaboration will be essential.
- The Paris Agreement shows that transformation towards a
low carbon economy is inevitable.
This transition will
create jobs and determine the future competitive position of companies
both in the USA and around the world.
While the pathway to the low-carbon world
perhaps now looks more rugged than it was before this announcement, it is
nevertheless clearly set out in front of us and it is clear what
forward-thinking business can and must do to move down it.
WBCSD remains committed to working with our members to drive the transition to
a sustainable world. We will work with you to support those efforts everywhere
and to ensure strong, inclusive growth and prosperity for all.
President & CEO, WBCSD