European Chamber welcomes Paris Agreement as clear signal to EU businesses in China to scale up innovation and investment in climate solutions Go back »

2015-12-17 | All chapters

Beijing, 17 December 2015 – On 13th December, 2015, 195 nations approved a climate deal in Paris. The main objective of the agreement is to keep global temperature “well below” 2 degrees Celsius above pre-industrial levels and to drive efforts to limit temperatures even further to 1.5 degrees Celsius. In doing so, it sets the course for a transformation of the world’s fossil-fuel-driven economy into one that is low-carbon, resilient and sustainable.

“The Paris Agreement has given a clear signal to EU businesses in China to scale up innovation and investment in climate solutions,” stated European Chamber President Joerg Wuttke. “While it provides the basic structure for the new climate change regime, which we recognise China played a key role in building, this is just the start. We now strongly encourage the relevant Chinese government agencies to closely engage with the business community at large in order to facilitate successful implementation.”

The Chair of the European Chamber’s Carbon Market Working Group, Massimiliano Varrucciu, added, “European companies with advanced expertise and technology are ready and committed to helping China deliver on the pledges it has made. This can only happen if they are afforded greater market access. In terms of China’s carbon market, the Paris Agreement also offers an opportunity to promote fairness, openness and transparency.”

Earlier this year, the European Chamber successfully applied for observer status at the climate negotiations, and subsequently elected to send a delegation of two of its member companies to attend the Paris summit.

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