The Poznań Communiqué

The Poznań Communiqué was developed by The Prince of Wales's Corporate Leaders Group on Climate Change at the University of Cambridge.

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Here is a summary of the Poznań Communiqué (from the website http://www.poznancommunique.com/) that calls for "decisive action" on climate change from 140 global companies.

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140 global business leaders unite behind the key elements of an international deal on climate change.

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"Decisive action will stimulate economic activity"

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On Monday 8th December 2008, the business leaders of over 140 global companies published The Poznań Communiqué on Climate Change.

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In this document, the business leaders set out what they believe should be the key elements of an international deal on climate change.

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The initiative represents an impressive coming together of the international business community and includes some of the biggest companies and brands from around the world, including Australia, China, Europe, Japan, the Middle East, South America, the United States and Canada.

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Key messages of the The Poznań Communiqué:

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• Climate change poses global social, environmental and economic risks and demands a transformational change in how we manage our global economy
  
• We must deliver deep and rapid cuts in greenhouse gas emissions
  
• Decisive action will stimulate global economic activity
  
• Delaying action will increase the costs of stabilizing the climate
  
• A sufficiently ambitious, international, comprehensive and legally binding United Nations agreement will provide business with the certainty and frameworks it needs to scale up global investment in low-carbon technologies
  
• The overall targets for emission reduction must be guided by science
  
• Even an immediate peaking in global emissions would require a subsequent reduction of 50-85% by 2050, according to the Intergovernmental Panel on Climate Change (IPCC)
  
• Any credible comprehensive agreement must include mechanisms to reduce tropical deforestation as the continuing destruction of these ecosystems accounts for up to a fifth of annual greenhouse gas emissions
  
• Developed countries need to take on immediate and deep economy-wide emission reduction commitments
  
• Rapidly emerging economies should be looking to adopt commitments by 2020
  

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The Poznań Communiqué also presents some ideas on the key supporting elements of an international agreement, including:
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• Measures to deliver a robust global greenhouse gas emissions market
  
• A revised Clean Development Mechanisms (CDM)
  
• Non-price interventions
  
• A framework for developing countries
  
• An adaptation strategy
  
• A mechanism to Reduce Emissions from Deforestation and Forest Degradation in Developing
• Countries (REDD)
  

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Click here for the full text of The Poznań Communiqué

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Policy Quarterly: the problem of international ‘burden sharing’

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Nine Meals from Anarchy

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Joint Implementation (JI) and the Clean Development Mechanism

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Comments most welcome !!!