Business & Environment
Commitments, Challenges, and Opportunities

Date: July 28, 2016 | Haggar Group

The private sector was more visible and active at COP 21 than in any previous COP. CEOs from industries as far ranging as cement, transportation, energy, and consumer producers effectively participated making their own commitments to decrease their carbon footprints, adopt renewable energy and engage in sustainable resource management.

The private sector has an important role to play in climate finance. In fact, the private sector is the largest source of climate finance driven mainly by a record amount of new renewable energy investment in emerging markets.

The forum addressed issues directly linked with climate actions that needs to be taken by private sector entities. That included the role of the private sector in implementing the Paris Agreement, Integration of climate change and best environmental practices in core business activities and supply chain systems, and investment opportunities in carbon financing programs (CDM – Voluntary Market).

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