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Global Business Leaders Gather at World Climate Summit

(Cancún) – Over 800 representatives of business, finance, and Government gathered for the World Climate Summit, amid the backdrop of the United Nations Climate Change Conference (COP16). The Summit, co-convened by the UN Global Compact, the United Nations Environment Programme Finance Initiative (UNEP FI), the World Bank, the Climate Group and the Carbon Disclosure Project, focused on the steps needed to build a low-carbon economy, such as accelerating business and bottom-up collaborations and implementing practical solutions to climate change.

The conference featured special remarks by Christiana Figueres, Executive Secretary of UN Framework Convention on Climate Change and President Felipe Calderon of Mexico, as well as a panel discussion of business, government, and civil society leaders, including Lord Nicholas Stern, Sir Richard Branson, Ted Turner, Mary Robinson, and Jose Maria Figueres.

Summit participants reaffirmed the crucial role of the private sector in moving towards a clean energy economy. Lord Nicholas Stern, Chair of the Grantham Research Institute on Climate Change and the Environment, said: “The new industrial revolution has begun, and the business world is leading this challenge.”

In addition to more than 25 thematic discussions at the Summit, a number of new initiatives and commitments were announced in the areas of financing renewable resources, clean technology, as well as energy efficiency and lighting.

View the World Climate Summit Press Release

Matthias Stausberg
UN Global Compact
+1 (212) 917 367-3423

About the World Climate Summit
The World Climate Summit (WCS) is an open and collaborative global 10-year framework dedicated to helping businesses, financiers and governments accelerate solutions to climate change. The World Climate Summit facilitates large-scale collaborations between businesses, financiers, philanthropists and governments on regional, national and global solutions to climate change. The next World Climate Summit will be in Durban, South Africa December 3-4, 2011. World Climate Summit Website.