ACCIONA participates in Business & Climate Conference 2015 in Paris

ACCIONA's Chairman, José Manuel Entrecanales, defended the need to price CO2 emissions and establish stable regulatory frameworks in order to combat climate change.

ACCIONA's Chairman, José Manuel Entrecanales, participated in the Business & Climate Conference 2015, which was part of Climate Week in Paris, where he defended the need to price CO2 emissions and establish stable regulatory frameworks in order to combat climate change.

Jose Manuel Entrecanales debating at the Business and Climate Conference 2015The Chairman of ACCIONA stated that countries that implement carbon pricing systems will become veritable "magnets for capital" in connection with projects to develop low-carbon technologies, such as renewable energy, but he emphasised that, to attract capital, it is vital that the regulatory frameworks be stable. As for carbon pricing, José Manuel Entrecanales prefers a market in CO2 emissions over a carbon tax.

The Paris conference brought together business and political leaders from around the world to analyse private sector initiatives to slow global warming. The encounter is a prelude to private sector participation in the Climate Summit (COP 21) scheduled this December in Paris, which will seek a new accord and binding commitments by governments to slow climate change. As part of this collective endeavour, UN Secretary General Ban Ki Moon has highlighted the fundamental role which the private sector must play in ensuring the success of the negotiations.

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