UN Climate Talks: Prominent Business Group Holds Dialogue, Welcomes New Members

USCIB’s Norine Kennedy

As in previous years, USCIB joined its global business partners to hold a Major Economies Business Forum (BizMEF) Business Dialogue during a United Nations Framework Convention on Climate Change (UNFCCC) conference. This year’s UNFCCC 25th Conference of the Parties (COP25) is taking place in Madrid, Spain under the Chilean presidency.

This year’s Business Dialogue was hosted by the Spanish Confederation of Employers (CEOE) on December 8. Reaching an important milestone, this year’s Dialogue commemorated twenty-five years of business cooperation and involvement in the UN climate process. The latest Dialogue served as an important forum of discussion for emerging issues and institutional changes that are necessary to mobilize business knowhow and resources at every stage of climate policy and action.

BizMEF Business Dialogue at COP25

Senior government representatives of Chile, the European Commission, France, Japan, and the United Kingdom joined World Trade Organization (WTO), International Organization of Employers (IOE) and UNFCCC speakers at the Dialogue to share perspectives on integrated policy options inside and outside the UN climate process.

“We are here to mark this as what it must be – a turning point and inspiration to do even more and better, as well as involve more companies of all sectors sizes and nationalities on board,” said USCIB Vice President of Strategic International Engagement, Energy and Environment Norine Kennedy.

BizMEF members include major national and regional multi-sectoral business groups in developed and developing countries.  At the COP25 Business Dialogue, BizMEF welcomed two new partner organizations: CEOE and the Santiago Chamber of Commerce. USCIB serves as the Secretariat for BizMEF.

Please refer to USCIB’s COP25 Statement for more information on USCIB’s climate policy position.

USCIB Represents US Business Views at UN Climate Talks

The 25th United Nations Framework Convention on Climate Change (UNFCCC) Conference of the Parties (COP) is in the home stretch, as Ministers meet in Madrid to seek political compromise on carbon markets and offsets, as well as to set the stage for pledges of deeper cuts in greenhouse gas (GHG) emissions.

According to USCIB Vice President for Strategic International Engagement, Energy and Environment Norine Kennedy, who is reporting from the field, a fundamental goal of COP25 is to complete unfinished business from the previous year, specifically as it relates to the Paris Agreement and its provisions for carbon markets and offsets, often referred to as “Article 6”.

“Avoiding double-counting crediting for carbon sinks and determining whether a percentage of the value of carbon trade transactions will be allocated to developing countries are two unresolved issues for the business community here at COP25,” said Kennedy. She also noted that the validity of the Kyoto Protocol’s carbon “currency” to the new Paris Agreement carbon regime is also under development.

An additional imperative is the need for deeper and faster cuts in GHG emissions that are required to limit temperature rise to 1.5 degrees, and to get on track to a proposed 2050 net-carbon neutrality objective.

Additional issues yet to be resolved, but are closely being monitored by USCIB, are common timeframes to be covered by voluntary national GHG reduction pledges, known as NDCs, financial support to developing countries for GHG reductions and technology cooperation, as well as how to treat compensation for loss and damage from climate change-related impacts.

Over 30,000 are attending this COP, including Michael Bloomberg, Al Gore, John Kerry, Harrison Ford and other prominent figures have joined high-level government representatives, UN agencies and NGOs.

USCIB’s delegation, led by Kennedy and USCIB Policy Associate Claudia Herbert Colfer, included member representatives from Arkema, Bayer, Chevron, Mars and Novozymes. USCIB has been tracking the complex discussions, meeting with U.S. and other government delegations and partnering with key business groups.

The International Chamber of Commerce (ICC) serves as focal point for business, convening daily business briefings to share intelligence and organizing the UNFCCC Business Day, which took place on December 6.

The two-week COP began on December 2, and will run through December 13, under the Presidency of Chile. COP25 was moved to Madrid, Spain following civil unrest in Chile.

USCIB Statement: 25th UN Framework Convention on Climate Change Conference of the Parties

COP25 in Madrid, Spain
Photo credit: UNFCCC

USCIB issued the following statement on December 6 for the 25th United Nations Framework Convention on Climate Conference of the Parties (COP25). The statement reflects U.S. business priorities.

For the 25th year, USCIB is participating in deliberations of the UN Framework Convention on Climate Change in Madrid. USCIB joins with many others in highlighting the critical importance of inclusive multilateralism as a means to increase pace and impact to meet climate commitments and objectives, involving all societal partners, including the private sector. Economic policies that drive growth and create jobs in the green economy will be critical to generate the necessary resources and enable business to make its strongest contributions to implementation of the UNFCCC and its Paris Agreement, and to sustainable development.

Since its conclusion in Paris in 2015, USCIB has supported the Paris Agreement. USCIB recognizes and expresses its deep appreciation to U.S. delegations for attending and engaging responsively with U.S. business at UNFCCC meetings. We continue to encourage the Administration to remain at the Paris Agreement table to advance and defend U.S. environmental protection, economic growth, innovation and competitiveness, as it has done consistently in the UNFCCC since COP1.

USCIB recognizes that urgent action to tackle climate change is needed on all fronts. According to the IPCC, reducing future climate-related risks in the context of sustainable development will depend on the upscaling and acceleration of far-reaching climate mitigation and both incremental and transformational adaptation. In this regard, business investment, innovation and action, working in partnership with governments, society and other stakeholders will be vital.

We continue to call for the commitment of all governments to this global effort, so that business and government can work together to enact economically sound policies that:

  • Promote development, deployment and use of cleaner and more efficient technologies and energy sources
  • Enhance sustainable energy access and security in all countries
  • Utilize markets and market-based approaches to animate least-cost GHG reductions, working through multilateral trade
  • Drive investment in innovation for mitigation and adaption
  • Seek to strengthen synergy across multilateral trade, investment and climate policy frameworks

As we work to achieve the goals of the Paris Agreement, we need to include all of society’s stakeholders working together towards a sustainable path for communities, workers and the climate that leaves no one behind. Of particular importance will be government education and training policies that are inclusive and support workers and their communities in securing the skills, capabilities and investments needed to thrive in the face of transformative change.

We share the concern about the need for more rapid and widespread progress toward the Paris goals, and encourage renewed efforts to get back on track, in particular with relation to Article 6.

We welcome ambitious aspirations on the part of organizations and companies and look forward to mobilizing the best of business forward in addressing this critical global challenge, delivering energy access and security, job creation and shared economic prosperity.

USCIB Attends UN Biodiversity Deliberations as Accredited Organization

The UN Convention on Biological Diversity (UN CBD) has just concluded a scientific and technical round of deliberations, held from November 25 – 29. USCIB Vice President for Environment, Energy and Strategic International Engagement Norine Kennedy attended the meetings in Montreal, representing USCIB as an accredited business organization, and as the only U.S. private sector group on hand for the session.

The UN CBD is currently developing a post-2020 Global Biodiversity Framework, to be finalized in October 2020 at its 15th Conference of the Parties (COP15), which will be hosted by China. According to Kennedy, the post-2020 Global Biodiversity Framework will be a comprehensive agreement that will include new targets relating to the protection and sustainable use of biodiversity.

The Montreal CBD meeting reviewed a wide range of topics including scientific assessments of biodiversity and ecosystems, Digital Sequencing Information (DSI), links between climate change and biodiversity, as well as emerging issues.

USCIB is re-engaging in the UN CBD process following discussions in USCIB’s newly launched Biodiversity Working Group, working closely with the International Chamber of Commerce (ICC) Access and Benefit Sharing (ABS) Working Group and the Global Industry Coalition (GIC).

Following the meeting in Montreal, Kennedy stated that, “Since the U.S. has never signed the UN CBD or its Protocols on Bio-safety and on Access and Benefit Sharing, USCIB is currently assessing potential impacts and opportunities for its members while tracking the process leading up to COP15.”

UNFCCC Conference of the Parties (COP 25)

UNFCCC Conference of the Parties (COP-25)

December 2-13

Madrid, Spain

IFEMA – Feria de Madrid

The COP 25 will take place in Spain. The pre-sessional period will take place on November 25 – December 1, 2019. COP 25 / CMP 15 / CMA 2 will be organized at IFEMA – Feria de Madrid

BSR Conference 2019

BSR Conference 2019

November 12 – 14, 2019

San Jose, California

The annual BSR Conference is one of the longest-running and most well-regarded sustainability conferences, providing a space for thought-provoking conversations to identify solutions to the most complex global challenges. The Conference convenes more than 800 participants from around the world, including senior executives from Fortune 500 companies, entrepreneurs, foundations, nonprofit organizations, and governments.

For more information contact Mia Lauter (mlauter@uscib.org).

Focus on Sustainability, New Technologies at 2019 World Trade Symposium

USCIB once again sponsored the World Trade Symposium this year November 6-7 in New York. The Symposium, hosted by Finastra and programmed by The Economist Events, brought together researchers, government officials and private sector leaders to discuss “Trade in an Uncertain World.” According to USCIB Assistant Policy and Program Manager Daniella Goncalves, several themes emerged throughout the Symposium, including the impact of new technologies on trade and investment, the need for greater interoperability of new technologies, the importance of sustainability to trade and investment and the continued importance of free trade.

Political uncertainty took center stage during the event’s discussions. The rise of populism and protectionist policies, as well as perceived lack of efficiency and productivity in multilateral fora, were identified as threats to be addressed. Many participants expressed the need to reform multilateral institutions and reaffirmed their support for trade liberalization. The need for U.S. leadership in such reform and trade liberalization activities was highlighted as a priority. Participants were in agreement that the restoration of predictability, reciprocity and fairness is required to bolster global trade and investment.

Digitization has the ability to drive down costs and speed of getting goods to market, but standardization of data protection and date flow regulation are priorities. The importance of regulating data flows and the need for standardized data protection laws, new technologies and the issue of illicit trade were highlighted by several panelists, including the World Trade Organization (WTO) Deputy Director-General Ambassador Alan Wm. Wolff, Research Professor of International Affairs & Director of Digital Trade & Data Governance hub Susan Ariel Aaronson and President of the Mediterranean Shipping Company Fabio Santucci.

The use of blockchain was characterized as a means to more efficiently engage in trade and investment, as well as increase sustainability through decreased paper usage. However, interoperability of blockchains and standardization of regulatory frameworks remain hurdles to wide-spread deployment of this technology.

It was noted that the International Chamber of Commerce (ICC) is working with an Asia-based partner to develop a blockchain technology to enable traceability and tracking of goods. The goal ultimately is to promote interoperability among various blockchain networks and technology platforms.

Recognizing the rise of consumer interest in sustainability, the issue of sustainable trade and investment was discussed. According to the panelists, millennial consumers are driving interest in and profitability of sustainable goods and services. Trade has lifted hundreds of millions out of poverty; to continue to see the benefits of trade, growth needs to be inclusive. USCIB is actively advocating on these important issues in various multilateral fora, including at the Organization for Economic Cooperation and Development (OECD) in Paris.

USCIB Announces Launch of a Biodiversity Working Group

Responding to intergovernmental policy discussions on biodiversity, their implications for American companies, and the opportunity for private sector nature-based solutions, USCIB has announced the launch of a new multi-committee Working Group on Biodiversity. The Working Group is drawn from USCIB’s Environment, Intellectual Property and Innovation and Food and Agriculture committees to reflect the cross-cutting nature and impacts of proposed policies for U.S. companies doing business in global markets. It will begin its work in early November, with a focus on tracking and disseminating business-relevant information about the United Nations Convention on Biological Diversity (UN CBD) negotiations to interested USCIB members.

According to USCIB Vice President for Energy, Environment and Strategic International Engagement Norine Kennedy, this new group will also provide a platform to work with the International Chamber of Commerce (ICC) Access and Benefit Sharing (ABS) Working Group, the Global Industry Coalition and other business initiatives related to biodiversity. The Biodiversity Working Group will also facilitate USCIB representation at UN CBD meetings (by both members and USCIB staff) and support the development of USCIB positions as needed.

“The UN CBD is developing a post-2020 biodiversity framework, which will feed into the UN Sustainable Development Goals,” noted Kennedy. “We hope to use this new platform to work with our international partners, such as ICC, to ensure that governments adopt policies that encourage business innovation and include business in future discussions.”

USCIB is planning to attend a workshop on November 6 in Madrid, organized by ICC and Business for Nature Consultation. Workshop participants will discuss and develop draft policy recommendations to governments that are needed to further scale-up existing actions and commitments taken by business to reverse nature loss and restore natural systems.

 If you are a USCIB member interested in joining this Working Group, please contact USCIB Vice President for Energy, Environment and Strategic International Engagement Norine Kennedy.

USCIB Issues Climate Change Statement on UN Day

In light of the United Nations celebrating the ratification of its 1945 Charter on October 24, USCIB issued the following statement:

“On this UN Day, USCIB would like to join others in recognizing the indispensable importance of the UN system to American business in advancing international cooperation and providing the infrastructure in which we create shared value and serve society.

USCIB reaffirms our support for U.S. involvement in the UN Framework Convention on Climate Change (UNFCCC) and its Paris Accord. We welcome the growth of the American energy economy from fossil fuels to nuclear to renewables to new options for energy efficiency. The Paris Accord allows every country to define its own pathway to tackling climate risks, and the U.S. has already made good progress on that front, reducing emissions and improving efficiency while advancing its own energy security, growing U.S. jobs and opening new markets for innovative American technologies.

Without U.S. leadership at the Paris Accord table, promoting its strategic and economic interests alongside other countries, opportunities for the deployment of these American private sector solutions could be threatened. We encourage the Administration to revisit its decision and submit, as appropriate, its own visionary plan to the UNFCCC and Paris Accord, in which American energy objectives can co-exist with environmental protection, private sector innovation and sustainably meeting both American and global growing energy demands.”

USCIB Discusses International Environmental Policy With EPA Administrator 

L-R: USCIB VP Norine Kennedy, U.S. EPA Administrator Andrew R. Wheeler, USCIB President and CEO Peter Robinson

As the 74th United Nations General Assembly High Level Session got underway, USCIB members met with the U.S. Environment Protection Agency (EPA) Administrator Andrew R. Wheeler to discuss advancing U.S. business innovation and investment towards transboundary environmental challenges.

The meeting was a unique opportunity for USCIB members to engage with the Administrator on U.S. business priorities for international environmental engagement and public private partnerships while advancing economic prosperity and environmental stewardship at home and abroad.

“We needy enabling conditions for dialogue and partnership with the private sector in the multilateral system,” stressed USCIB President and CEO Peter Robinson during his welcoming remarks. “Therefore, we do need to remove barriers to some business sectors in some parts of UN system – USCIB is working on this, and we would welcome EPA’s support in this area too,” he added.

Wheeler’s remarks focused on current environmental priorities for the EPA, such as the global water crisis, which he noted must be tackled through improving access to safe drinking water, strengthening infrastructure and preventing plastic debris from reaching oceans. Wheeler also emphasized global challenges and EPA involvement to tackle food waste.

“USCIB members had an opportunity to share perspectives on the kinds of partnerships that business and EPA can collaborate on to find solutions to global challenges, in addition to discussing the necessary infrastructure investments that are needed,” said USCIB Vice President for Strategic International Engagement, Energy and Environment Norine Kennedy.