Do More With Reuters
Partner Services

Business leaders to call for clear climate policies

Sun May 24, 2009 9:48pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Anna Ringstrom and Peter Levring

COPENHAGEN (Reuters) - Industry should play its part in the fight against climate change by persuading governments to boost carbon cuts rather than lobbying against them, the U.N. Secretary-General told a business conference.

Business leaders met in Denmark on Sunday to try to unite behind a call for long-term climate policies on oil, power and technology ahead of a U.N. conference in December meant to forge a new climate treaty to replace the Kyoto Protocol.

"For those who are directly or implicitly lobbying against climate action I have a clear message: your ideas are out of date and you are running out of time," U.N. Secretary-General Ban Ki-moon told a meeting of more than 500 business leaders.

"The smart money is on the green economy," he said. "Leaders sometimes are weak because they are short-sighted to get the votes," he added, urging businesses to lobby for carbon cuts.

Danish Environment, Climate and Energy Minister Connie Hedegaard, who hosts the U.N.-led December conference, said Denmark's leading position in wind power was proof that fighting climate change could be lucrative.

"Renewable energy and energy efficiency technologies are our fastest growing exports right now. That's the message to businesses here: put pressure on governments, that this is not just about idealism. This is not anti-growth."

Low-carbon companies may also benefit from more motivated staff and attract shareholders who only invest in climate-friendly business.

"The greener our agenda is, the better talent we get," said Ditlev Engel, the chief executive of Denmark's Vestas, the world's biggest wind turbine maker.  Continued...

Hoardings alongside Nakheel's Waterfront construction site at Jebel Ali in Dubai November 26, 2009.  REUTERS/Steve Crisp
Dubai Debt Fears

Investors recoiled from risky assets and dumped shares in Asian banks and builders, fearing a debt default could reignite the financial turmoil.  Full Article 

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Photo
People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article