Bali Global Business

Global Business Calls for New Climate Change Framework
Bali, 13 December 2007 - "There is a real sense of urgency now," said Bjorn Stigson, President of World Business Council for Sustainable Development (WBCSD) at the Bali Global Business Day on Monday. "Regulators need to come up with a clear policy framework, which can then 'guide the investment decisions by businesses', and within which businesses can then 'do the right thing'"
"There is an urgency to act and define a new global policy framework post 2012 to guide long-term investments in technology and infrastructure"
"The private sector is the major source of innovation, technology and investments that can transform the global energy system. We are making investment decisions that will impact the climate issue for 20, 30, 50 years or more into the future. To do “the right thing” we need clarity on the policy framework within which we do our business" said WBCSD President, Bjorn Stigson at the Bali Global Business Day.
"You have made a clear statement that you stand ready to deliver"
"I firmly believe that the engagement of the business sector in fighting climate change is crucial... An international climate change deal for the post 2012 period should therefore be designed in a way that makes sense from a business point of view. But first we need political agreement on the launch of negotiations on such a new climate deal. And that has to happen this week here in Bali" said UNFCCC's Executive Secretary, Yvo de Boer, during his opening remarks at the Bali Global Business Day.