Business leaders urge strong domestic legislation to implement Paris Agreement
MARRAKECH, Morocco, Nov. 9 (Xinhua) -- Business leaders called Wednesday at the UN Climate Change Conference in Marrakech (COP22) for strong domestic legislation to implement Paris Agreement.
Speaking at "Business &Industry Day", they urged fully realizing the private sector's potential to deliver emissions reductions at scale, and corporate action needs to be reinforced by sound national climate policies.
Many companies have committed to take action that supports the delivery of the Paris Agreement, moving further and faster than their government's requirement.
The business leaders at the event agreed that with the Paris Agreement now in force, the priority was to move from adoption to speedy implementation.
In total 471 companies with over 8 trillion U.S. dollars in market capitalization have undertaken well over a thousand ambitious commitments to climate action.[ Editor:yfs001]