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Article

4 Jul 2017

Auteur:
Kurt Bock, International Chamber of Commerce

Commentary: G20 should recognise key function industry plays in global climate protection

"Industry is a driver of innovation for global climate protection", 4 Jul 2017

The G20 Summit gets underway on Friday in Hamburg, Germany bringing together leaders of the world’s largest economies. Expectations for the group to endorse an ambitious climate and energy action plan are high but [...] successful climate protection will only be possible through collective, global action... Effective global climate protection requires innovations. And innovations require a competitive industry which can advance the research and development of energy-efficient products and processes... For companies, it is therefore even more important that the G20 recognizes the key function that industry plays in achieving the climate targets set out in the Paris Agreement. The G20 should create a regulatory framework that fosters innovation and enables fair competition between industrial companies on a global playing field.

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