Climate change is a global challenge that requires global actions. BusinessEurope is committed to and aware of the challenges that climate change presents as well as the impacts of human activities. This is why we highly welcomed the Paris Agreement, which reflects the long-term objective of limiting global warming below 2°C.
The Paris Agreement is the single most important tool in providing clarity on the direction that society must take to tackle climate change. It is equally important to provide a global level playing field, as reaching the Paris Agreement requires all countries (especially major economies) to make significant efforts to bring down emissions. BusinessEurope is fully committed to implementation of the Agreement, and the companies it represents invest billions in low-carbon innovation, as well as in the development and deployment of low-carbon technologies for the future.
The EU's ambitious climate targets require all sectors to make efforts to reduce their emissions, including transport. In addition to the EU ETS (emission trading scheme), BusinessEurope fully supports Europe’s intentions to move to a healthy, competitive economy that is driven by low-carbon modes of transport. It is however important that this support is given from a technology and fuel-neutral point of view, so that all technologies are able to compete. Massive investment will be made in the coming years in new technologies, fuels and efficiencies, and it is important that a significant share of it is made in Europe.