World Business Summit on Climate Change

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Business needs to play a critical role in financing, developing and deploying solutions to climate change and Government needs to put the right incentives and regulation in place to make low carbon investments commercially viable.

That was the overwhelming conclusion of over 550 business leaders from over 40 countries attending the World Business Summit on climate change in Copenhagen prior to the UN climate negotiations in December.

Richard Gledhill, global climate change leader at PwC, who attended the summit, says: "If there is one message for negotiators from the business world, it is that the current economic downturn should not temper the ambition to achieve a robust climate treaty this year, as business is ready to respond.”

The event summary, produced by PwC, sets out concrete ideas and proposals on:

• financing the transition to a low carbon economy;
• the role of carbon markets;
• the future for power generation, transportation and buildings;
• energy efficiency;
• valuing forests;
• adaptation requirements;
• measuring and communicating progress; and
• collaborative value chains.

World Business Summit on Climate Change podcast