Business and Industry NGOs (BINGOs)
UNFCCC 22nd Conference of the Parties (COP22)
Opening statement COP/CMP
7 November 2016
Business marks COP22 and entry into force of the Paris Agreement as dual calls to action.
Parties, business and society as a whole must work even faster, more efficiently, andtogether to bring clarity to important areas of the Paris Agreement to maintain thatmomentum and get to work.
Marrakesh signals a new, more practical and collaborative chapter in the UNFCCC process.
We are confident that the promise of Paris can and will be delivered in partnership withbusiness, and that will depend on the right institutional infrastructure at national andinternational levels to support that cooperation. In our view, and in light of the challenging
evolution ahead, the entry points currently provided through the Champions and High Level
Events will need to be supplemented with a broader and ongoing interface to business thatfunctions throughout the year, and not only at COP meetings. It is only with broader, more
substantive and inclusive business engagement that the Paris Agreement can meet its
potential.
Other recent developments related to the reduction of GHGs, such as the Kigali amendment
to the Montreal Protocol and the ICAO Carbon Offset and Reduction Scheme forInternational Aviation (CORSIA) will be possible because business entities are brought to thetable to inform the policy discussions and assist in designing deliverable outcomes. We areconfident that a similar relationship on technical, practical and economic aspects of the Paris
Agreement will yield similar benefits, and in Marrakesh, governments have the opportunity
to begin to design in this important success factor – recognized representative businessconsultation.
For business, priority areas for your immediate attention include:-Transparency – Defining common rules on monitoring, reporting and verification ofcommitments and their implementation is of utmost importance for businesspredictability that is key for the needed long term private sector planning andinvestments, as well as to avoid competitiveness distortions.

-Innovation – Paris Agreement outcomes must facilitate technology deployment andcooperation, and related capacity building. All countries and business sectors need tosupport developing new skills to respond to climate change challenges, enabling energy
transitions and shaping public policies for sustainable economies. Enabling frameworks
for innovation and its dissemination, such as protecting IP and pursuing multilateral
trade, are essential. Predictable and transparent policy conditions, open trade andinvestment and a level playing field in global markets are a prerequisite for effective
climate protection.

-Investment and Markets - We welcome Article 6. In our view, all markets -- including
for carbon, goods or financial -- should be enlisted to support and deliver the Paris
Accord. The Paris Agreement should recognize and support the opportunity for nations
to utilize mutually agreeable cooperative approaches to fulfill their NDCs and otheractions to mitigate and adapt to climate change. Any transfers of emissions outcomesthrough cooperative approaches should be quantified, assure that transfers haveenvironmental integrity and will be applied to satisfy only one NDC without double
crediting under the Paris Agreement. Market-based approaches should synergize withinternational trade rules and other existing policies and options such as international
standards, voluntary agreements or other regulatory instruments.

As a starting point, we have to strengthen current NDCs. In light of assessments of INDCs
suggesting that current pledges are only a first step to deliver the Paris Agreement targets,governments, business and society as a whole must redouble their efforts working together.
The business community has a vital role here, with essential expertise to strengthen NDCs
and make them deliver ambitious results cost-effectively; this depends on engaging
representative business groups at national and international levels. This recognized andregular engagement must be a given not only at high level events, but in all working
aspects of the UNFCCC. In our view, an institutionalized channel for UNFCCC for private
sector consultation and engagement would provide the institutional infrastructure to
support this needed dialogue, partnership and action in short and long term.
As a final point, we would observe that the most effective business-IGO relationships arethose that have been engineered into institutions, such as the OECD or the ILO. Entry into
force of the Paris Agreement affords just such an opportunity to build business into its many
work streams and vehicles. Business across all sectors brings solutions through innovationand technologies relevant to mitigation and adaptation, in the context of energy access andsecurity. Business develops and provides sustainable solutions in energy production andconsumption, industry, building, transport, energy efficiency, smart cities, water and foodsecurity, industrial processes and others that will be needed as part of the ambitious andeffective global strategy we have embarked on together.
Thank you.