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08/03/2015

ACCIONA participates in the Private Sector Forum 2014 as part of the UN Climate Summit

Close to 30 companies support carbon pricing as the most efficient and universal means of reducing emissions in all sectors, one that provides appropriate incentives for investment and can be implemented quickly.

Climate Week is the highlight of early autumn in NYC. More than eighty events related to climate change were scheduled between 20 and 26 September; the one with the greatest media impact was the United Nations Climate Summit, attended by representatives of more than 120 countries and the civil and private sectors, including the Chairman of ACCIONA.

ACCIONA participated actively in the United Nations Private Sector Forum, an initiative promoted by UN Secretary General Ban Ki-moon, which took place in New York last week.

This year, the UN Private Sector Forum formed part of the Climate Summit, which was attended by leaders of the Member States, the business sector and civil society, among others, with the aim of:

  1. Catalysing ambitious and realistic measures to reduce emissions and strengthening climate resilience.
  2. Mobilising governments to reach an ambitious global legal agreement in 2015 to contain the increase in the global average temperature so that it does not rise by more than 2 degrees Celsius.

ACCIONA, represented by its Chairman, José Manuel Entrecanales, participated in presenting Business Leadership Criteria on Carbon Pricing, organised by Caring for Climate, a joint initiative of the UN Global Compact the United Nations Environment Programme (UNEP), whose aim is to enhance the role of business in the global strategy against climate change and to raise awareness among governments and public institutions to mitigate it.

In this initiative, close to 30 companies support carbon pricing as the most efficient and universal means of reducing emissions in all sectors, one that provides appropriate incentives for investment and can be implemented quickly.

The companies that have signed the Business Leadership Criteria on Carbon Pricing, of which ACCIONA is one, have undertaken to:

  1. Set an internal carbon price high enough to materially affect investment decisions to drive down greenhouse gas emissions.
  2. Publicly advocate the importance of carbon pricing through policy mechanisms that take into account country-specific economies and policy contexts.
  3. Communicate on progress over time on the two criteria above in public corporate reports.

During the Forum, ACCIONA, with other companies, publicly expressed its support for the "setting the Price on Carbon" statement, an initiative led by the World Bank. In that statement, governments and companies make a commitment to work and cooperate in order to establish carbon pricing worldwide.

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