The transition to a climate-neutral future by 2050 needs to be supported by significant investment and a regulatory framework that ensures a level playing field for companies from Europe and other parts of the globe. Moreover, such a transition will only be feasible if all stakeholders are on board. The road to climate neutrality will entail costs for all parties – governments, companies, and citizens too – and everyone needs to be aware of that. These are some of the main takeaways from the Round Table on the "Business perspective on the transition to a climate-neutral future by 2050" that took place in Brussels on 6 November.
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As in previous years, the EESC was present at the yearly Conference of the Parties of the United Nations Framework Convention on Climate Change – COP24, which took place in Katowice, Poland, from 2-14 December 2018.
The purpose of this event will be to propose ways to guarantee the appropriate funding needed to achieve the transition to a zero-carbon economy and a sustainable Europe by 2050.
This side event addresses two urgent questions. First, how do non-state and subnational climate actions perform? Second, how can such actions be strengthened in order to implement the Paris Agreement, and achieve higher ambition?
Climate change is one of today’s biggest threats and requires efforts by all actors in the economy and society. Combating climate change needs a global commitment to achieve real impact. Businesses have great potential to provide climate solutions, be they technologies, products, services or expertise. This document summarises the views of the Employers' Group on climate change and on the role of business in addressing that challenge.