The International Chamber of Commerce (ICC) recently announced that it will be hosting a forum to focus on climate action.
The Make Climate Action Everyone’s Business Forum is a virtual conference that will focus on important changes that need to be implemented to mitigate climate change. The forum will be hosted by ICC and will be held Nov. 1 through Nov. 13.
"The clock is ticking to make the changes needed to stave off the devastating effects of climate change, and there is an urgent need to translate the aspirations and expectations into concrete outcomes," ICC wrote in a statement. "The 'what' – net-zero emissions by 2050 – must now come with a 'how.'"
The forum will attempt to convene over 10,000 participants from over 100 countries to discuss regulatory frameworks to create policies and incentives for decarbonization of the global economy.
"Policymakers have it in their hands to provide clarity on structural changes, regulatory frameworks and financial incentives that businesses need in order to deploy the billions – even trillions in capital expenditure required to keep the global temperature increase to below 1.5°C and to achieve net-zero emissions by 2050," ICC wrote in a statement.
Discussion themes include enabling sustainable supply chains, scaling climate finance, leveraging sustainable innovation and developing effective carbon pricing mechanisms.
"Following the grim outlook set out by the IPCC with its latest report, there has never been a greater need for responsible actors to cut through the noise to align climate intentions with real action," Sandra Hanni, ICC’s Environment and Energy Lead, said in a statement. "By providing a platform for diverse partners to showcase their ideas, our aim is to identify climate policies and operational strategies that have been successful as well as new and scalable initiatives which will enable the business community to play an even greater transformational role in addressing the global climate crisis."
The International Chamber of Commerce (ICC) is the world business organization that represents business interests at the highest levels of intergovernmental decision-making.
The ICC promotes international trade, responsible business conduct and a global approach to regulation, in addition to providing market-leading dispute resolution services. Additionally, the ICC specializes in business and legal training and is an industry-leading publisher of practical tools for international business, banking and arbitration.