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31 Oct 2008 05:10:11

Business 'is a solution to climate change'

Business 'is a solution to climate change'
Business can provide a solution to climate change, according to the coordinator of the Combat Climate Chance (3C) initiative.

Lars G Josefsson of 3C was speaking at a UN-endorsed meeting in Warsaw in the lead up to the climate summit in Poznan in December which will pave the way for global negotiations in Copenhagen next year on a post-Kyoto strategy.

The group Mr Josefsson coordinates is made up of 55 multi-national companies including General Electric, BP, HP and Citigroup.

"Business is a solution to the climate change crisis," he said and urged business leaders to take the initiative in combating climate change.

According to the AFP, Mr Josefsson added: "Business leaders must show the leadership, focus, and spirit of common understanding that has been lacking in the political process."

In the UK prime minister Gordon Brown has claimed that as well as combating climate change, investment in clean green technologies could help the country endure the financial downturn.

According to Irish minister Eamon Ryan, investment in clean energy reached $148 billion ($91.35 billion) last year, a rise of 60 per cent compared to a year earlier.



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