Global Business Leaders and Ministers Pledge Action on Climate and Energy

April 28, 2014

LONDON, April 28, 2014 /PRNewswire/ –

        - Rt Hon Ed Davey MP and Rt Hon Alex Salmond MSP join leaders from China,
          India and Australia in unveiling plans for a 'Clean Revolution'

Multinational businesses and politicians from around the world have agreed to work
together to encourage companies to adopt clean energy and support climate policy at
national and international level.

Mark Kenber, CEO of The Climate Group, told the organization’s 10th anniversary
conference in London that, in response to the Intergovernmental Panel on Climate Change’s
(IPCC) call to accelerate investment in clean technologies, it was working with companies
on a range of new initiatives to scale up climate finance, develop low carbon business
models, and help governments replicate proven emissions reduction policies. He unveiled
plans to recruit more companies to commit to a 100 percent renewables target by 2020, a
new smart homes initiative, a programme to enable access to clean energy in rural India,
accelerating the take-up of LED street lighting across cities, a major summit in China to
promote networking among global cleantech businesses, and working with the UN Secretary
General on a series of events around September’s Climate Summit in New York.

The Climate Group – launched exactly 10 years ago to work with businesses and
governments to promote the positive business case around clean energy and technology -
said the IPCC’s call for a ‘clean revolution’ was within reach. “About 80 percent of the
energy, technology, finance and policy needed to make the transition to a low carbon
economy is already in place,” said Mark Kenber. “We need to focus on scaling up and
replicating the proven solutions. It’s a no-brainer for any smart business or political
leader. The global clean tech market is already worth over US$2.5 trillion, and will grow
to more than US$5 trillion in size within the next 10 years – about the same as the GDP of
Germany and France combined.”

Speaking at the first major international conference of business and political leaders
since the publication of the IPCC Working Group III report, UK Secretary of State for
Energy & Climate Change, Rt Hon Ed Davey MP, said that businesses were key to delivering
emissions reductions before a new global treaty comes into force. He said: “As The Climate
Group has consistently demonstrated, there is a huge business opportunity for those who
grasp the green mantle. For a business to gamble that climate change won’t happen just
doesn’t make commercial sense. No boardroom worth its salt can avoid making the long-term
risk assessments climate change threats require.”

Addressing the audience via video, the First Minister of Scotland, Rt Hon Alex Salmond
MSP, highlighted that global corporations were investing in Scotland and transforming it
into a world-leading hub of wave, tidal and offshore wind energy. He said: “Our renewable
energy targets aren’t just good for the environment, they’re good for the economy. They
provide certainty for business and investors. Billions of pounds are being invested in
infrastructure, and thousands of jobs are being created.”

In spite of the federal government’s current stance, the Premier of South Australia,
Hon Jay Weatherill MP, announced that his state government was hitting its 2020 renewable
energy target of 33 percent six years early, and that the state’s GDP had jumped 65
percent since it had decided to adopt the goal of building a low carbon economy. He
stated: “Since 2003, there has been $5.5 billion in investment in renewable energy with
some $2 billion, or 40 percent, occurring in regional areas.”

Suresh Prabhu, Ex-Federal Cabinet Minister of Industry, Energy, Environment and
Forests, Chemicals and Fertilizers, Heavy Industry & Public Enterprises, Government of
India, said: “When it comes to the impacts of climate change, millions of people across
India are already being affected. In our efforts to mitigate the effects of climate
change, protect our livelihoods and people, India needs to take a proactive leadership
role. There is incredible potential for India to become a hub for low carbon initiatives
that will create jobs, lift people out of poverty, and increase access to education and
health services for millions of Indians.”

Richard Kinley, Deputy Executive Secretary of the UNFCCC (United Nations Framework
Convention on Climate Change) told the conference: “This moment is our opportunity to
create the future we want and need. The Paris agreement needs business and subnational
government to show without doubt that the transition is doable, and the solutions are
better than the problem. Clearly Paris needs you, but what is also clear is that you need
Paris. We must inspire each other to act, to be bold and ambitious.”

The Climate Group is an award-winning, international non-profit. Our goal is a
prosperous, low carbon future.

SOURCE The Climate Group

Source: PR Newswire

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