United NationsDepartment of Economic and Social Affairs Sustainable Development

Major Group: Business & Industry

Working for Sustainable Solutions
4. Well-designed, long-term policy frameworks are
essential to addressing the challenges of climate
change, including: realistic long-term frameworks
and cooperative approaches; the commitment
and participation of all major emitters; barriers to
investment. Market-based approaches like global
emissions trading should be designed and implemented
to be cost-effective and technology transfer and
cooperation should be promoted.
5. Significant investment is required to maintain, grow
and deliver the energy supplies required to meet future
demand in a sustainable manner and to address climate
change mitigation and adaptation.
6. Business believes that multi-stakeholder partnerships
can help address climate change challenges. Successful
partnerships allow the participants? strengths and
areas of expertise to be combined for practical and
visible results. The business community works with
partners to identify, develop, commercialize and deploy
technologies suited to individual national priorities,
resource availability and development strategies.
Successful Case Studies
and Partnerships
1. Suez/Electrabel ? From coal to biomass.
Suez/Electrabel is reducing greenhouse gas and acid
pollutant emissions, and promoting renewable sources
of energy through the conversion of a 50-year old
coal-fired power plant into one firing only biomass.
Electrabel is continually modernizing its power stations
The Issue
Business recognizes that climate change presents serious
environmental and economic risks. Addressing these is clearly
a high-priority, long-term concern for governments, business
and society as a whole. All countries face the challenges
of mitigating climate change and adapting to its potential
impacts. Both developed and developing countries will have
to pursue integrated and harmonious sustainable economic
growth and climate change policies, recognizing that
developing countries are particularly vulnerable to climate
Key Policy Recommendations
1. Climate change is a global challenge that requires
a global solution. Addressing climate change
internationally will take the commitment and actions
of all major actors to succeed. Business supports the
UNFCCC and its objectives, and is an engaged partner
in the UNFCCC, and in national and regional policy
development and implementation.
2. All primary energy resources will need to be considered,
and existing and new technologies will be directed
to more efficient and less greenhouse gas emitting
performance. Business is investing in technology
development and the deployment of advanced lower
carbon, renewable and more efficient technologies.
3. Business supports energy efficiency to help reduce
energy costs, energy consumption and negative
environmental impacts, including climate change.
BAE is an ad-hoc, temporary business initiative bringing together a comprehensive network of global businesses.
It brings together international, regional and sector organizations and major energy producers and consumers.
BAE is an ad-hoc, temporary business initiative bringing together a comprehensive network of global businesses.
It brings together international, regional and sector organizations and major energy producers and consumers.
Working for Sustainable Solutions
4. The Global Climate and Energy Project ?
Researching cost-effective technologies to reduce
emissions and meet the world?s energy needs.
The Global Climate and Energy Project (GCEP) between
Stanford University, ExxonMobil, General Electric,
Schlumberger and Toyota aims to accelerate the
development of breakthrough leads in commercially
viable technologies that are able to meet global energy
demand while dramatically lowering greenhouse
gas emissions. GCEP?s areas of research include the
study of: biomass, wind, solar and other renewable
energies; advanced combustion; production and use
of hydrogen; carbon capture and storage; advanced
transportation; advanced materials; advanced coal;
and power production, distribution and storage. In
addressing these areas, researchers seek technological
leads that may overcome current barriers to large-scale
commercial applications, such as cost, performance,
safety, environmental and regulatory compliance, and
consumer acceptance.
with the implementation of new technologies, and the
proportion of electricity derived from renewable sources
is steadily increasing.
2. BP?s Energy Efficiency Program ? Energy savings
reduce greenhouse gas emissions.
BP introduced a structured energy management
program and five-year investment plan across its
operations in 2004. By taking a systematic approach,
BP has continued to see increasing benefits during the
two full years of their US$ 350 million energy efficiency
program. By the end of 2005, BP estimated that annual
energy savings were over 15 million GJ, resulting in a
reduction of some 1,000,000 metric tons of greenhouse
gases per annum.
3. BP/Ford/Princeton Carbon Mitigation Initiative,
USA ? Strategic alliance to combat climate
The Carbon Mitigation Initiative ? a partnership between
BP, the Ford Motor Company and Princeton University
? is seeking compelling and sustainable solutions to the
carbon and climate change problem through a longterm
research program. In 2000, BP chose Princeton
University to establish a ?carbon mitigation research
institute?, based on the university?s proposal and its
access to key staff and resources, particularly for CO2
capture and storage technology, the hydrogen electric
economy and earth system modeling. Ford Motor
Company, with which BP was already developing a
strategic alliance, also joined as a key partner, increasing
financial support and extending involvement across
the supply chain. Ford brought a useful perspective on
transportation issues, along with its technical knowledge
on fuel cells, fuels and efficiency and experience in
product development. Source: IPIECA oil & gas industry
partnership publication, 2006.