The Major Economies Business Forum (BizMEF) held its annual Business Dialogue on December 7, en route to next year’s Glasgow Climate Summit; this year’s BizMEF event was held virtually following the postponement of COP26 in Scotland. The event, Restoring Momentum, Advancing Synergies – Building Recovery into COP26 with the Private Sector, set the scene for a series of in-depth dialogues in 2021 on trade and climate, climate investment and finance for innovation and national climate pledges that reflect COVID19 impacts and recovery opportunities.
The BizMEF Business Dialogue marked the fifth anniversary of the Paris Agreement and welcomed over seventy participants from government, academia and business. Opening the session were USCIB CEO and President Peter Robinson and the Chief Strategist for Minority, Policy and Communications of the Climate Select Committee from the U.S. House of Representatives George David Banks. In his remarks, Banks cautioned against unilateralism and stressed that multilateralism, commercial strategies and leveraging domestic policies will go a long way in realizing the goals of the Paris Agreement.
The dialogue discussed free trade and climate change, including the European Union’s Carbon Border Adjustment mechanism proposal, the impacts and considerations of the COVID-19 pandemic on economic disruption and development of Nationally Determined Contributions (NDCs), as well as climate change finance and investment.
High-level government speakers at the December 7 dialogue included Ignacio Garcia Bercero, from the European Commission Directorate General for Trade, Motoko Ogawa, deputy director of Japan’s Environmental Economy Office and the Ministry of Economy, Trade and Industry (METI) and Switzerland’s lead negotiator for climate finance, Gabriella Blatter.
USCIB is a founding member of BizMEF, an alliance of more than twenty leading multisectoral business groups from OECD and non-OECD countries, including BusinessEurope, Brazil (CNI), France (MEDEF), Japan (Keidanren), CGEM (Morocco), the AI Group (Australia) and others. BizMEF Dialogues at Climate Summits have been held every year since 2012 in Doha, Warsaw, Lima, Katowice, Marrakesh, Bonn and, most recently, in Madrid last year.