/Docs/G/int/unfccc/2015/paris_declaration/0.md
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BUSINESS AND FINANCE SECTOR
We, the representatives of Business and Finance, working closely with Federated States, Regions and Cities as well as think tanks, involved in the operational implementation of sustainable development, commit to take the following measures:
  • 1st Commitment:
    Promote, support and engage in a «bottom-up» approach through joint action by local and regional authorities, businesses and investors, in order to complement the efforts of Parties in the framework of the intergovernmental negotiation process of the UNFCCC, to reach a global Climate Agreement in Paris in 2015.
  • 2nd Commitment:
    Commit to take concrete measures to fight against global warming, each according to our respective local conditions, working with resource efficiency measures, measures to introduce cleaner energy sources, and measures to introduce low-carbon thinking, product and process innovation.
  • 3rd Commitment:
    Invest in the development of international capacity building and widely applicable - and useable - solutions for national, sub-national and local governments, for businesses, and for the community at large, to facilitate their implementation of actions and projects to fight against global warming.
  • 4th Commitment:
    Support and develop new and innovative financing schemes with the whole finance sector to help: unlock the necessary $1000bn/year to invest in projects to fight climate change, including working with, private investors, sovereign funds and pension funds, private equity and other asset managers; and including the strong collaboration with necessary public funds.
  • 5th Commitment:
    Develop our capacity to engage in Public Private Partnership projects to implement solutions for fighting climate change and to support sub-national and local governments, as well as partners within the private and third sector also, to develop their capacity and understanding to create, develop and enhance the implementation of such projects.
  • 6th Commitment:
    Commit to publicly report and disclose GHG reduction efforts implemented in the business and finance sector in all regions of the world.