Code red warning from IPCC must translate into policy action, warns global business

The International Chamber of Commerce (ICC) has issued the following statement following the publication of the Intergovernmental Panel on Climate Change’s latest report on climate science.

ICC Secretary General John W.H. Denton said:

“Today’s ‘code red’ warning from the International Panel on Climate Change (IPCC) won’t come as any surprise to businesses affected by the extreme weather events of recent months. A crucial decade clearly lies ahead if we are to avert the risk of these recent disasters becoming the norm.

“The IPCC’s latest report shouldn’t be read with a fatalistic mindset: it must be seen as firing the starting gun for a concerted international effort to get the growing climate crisis squarely in check. We’ve seen a growing number of companies committing to ambitious action to decarbonize their operations in recent years. But these alone won’t be enough to limit global warming to under 1.5 degrees Celsius and get to net zero emissions by 2050.

“What’s needed are practical plans from all governments that work with the real economy to align the recovery from COVID-19 with what the latest science tells us is needed to put the breaks on climate change. COP26 must deliver on this gaping hole in global climate policy this November before it’s too late.”