Businesses not relying on climate talks for action

30th September 2015

Related Topics

Related tags

  • Mitigation ,
  • Management ,
  • Corporate governance ,
  • Politics & Economics



Less than half of business leaders see an international climate deal as the main driver for action on climate change in their sector. The poll, by PwC, found that chief executives were far more motivated to act by public awareness and national policy.

However, around three-quarters of respondents said their companies were developing products and services to respond to climate change, and more than half were changing strategic investments in response to green growth opportunities.

The findings emerged as international negotiators in Bonn were told to draw up a shorter draft agreement before the next meeting at the end of October. Discussions continued on whether countries would be required to revisit and consider upgrading national mitigation commitments at five-year intervals. There were also talks on establishing a common approach for transparent measurement and reporting of countries' emissions.

Discussions on climate finance have been slow. Countries have already committed to provide $100 billion a year by 2020 but so far only $10.2 billion has been pledged. Another sticking point is how best to tackle climate impacts that are difficult or impossible to adapt to. This issue, known as "loss and damage", includes sudden events, such as major storms or slower impacts, such as soil becoming too salty for agriculture. Observers to the talks, including WWF, reported some convergence on this issue but warned that it would be difficult to reach an agreement.

Tasneem Essop, WWF head of delegation to the UN climate negotiations, said: "We have seen a little progress in simplifying some of the options which should make negotiation and compromise on these issues easier at the next session."

There are only five more official UNFCCC negotiating days before the Paris climate summit opens on 30 November.


Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.

Transform articles

Weather damage insurance claims hit record high

Weather-related damage to homes and businesses saw insurance claims hit a record high in the UK last year following a succession of storms.

18th April 2024

Read more

The Scottish government has today conceded that its goal to reduce carbon emissions by 75% by 2030 is now “out of reach” following analysis by the Climate Change Committee (CCC).

18th April 2024

Read more

The Science Based Targets initiative (SBTi) has issued a statement clarifying that no changes have been made to its stance on offsetting scope 3 emissions following a backlash.

16th April 2024

Read more

While there is no silver bullet for tackling climate change and social injustice, there is one controversial solution: the abolition of the super-rich. Chris Seekings explains more

4th April 2024

Read more

One of the world’s most influential management thinkers, Andrew Winston sees many reasons for hope as pessimism looms large in sustainability. Huw Morris reports

4th April 2024

Read more

Alex Veitch from the British Chambers of Commerce and IEMA’s Ben Goodwin discuss with Chris Seekings how to unlock the potential of UK businesses

4th April 2024

Read more

Regulatory gaps between the EU and UK are beginning to appear, warns Neil Howe in this edition’s environmental legislation round-up

4th April 2024

Read more

Five of the latest books on the environment and sustainability

3rd April 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close