USCIB Welcomes U.S. Intention To Rejoin The Paris Agreement

WASHINGTON, Nov. 10, 2020 /PRNewswire/ -- The United States Council for International Business (USCIB) welcomes the intention of the incoming Administration to rejoin the Paris Agreement. Multilateralism matters to business, and nowhere is this conviction more important than in addressing climate change, especially against the backdrop of the pandemic and its economic and social impacts.

For over twenty-five years, USCIB members have supported the UN Framework Convention on Climate Change (UNFCCC) and have been fully committed both to international cooperation and partnership with our government to tackle the impacts of climate change while advancing American private-sector driven economic prosperity and environmental stewardship at home and abroad. In our view, it is critical to continue to focus on and champion substantive engagement of U.S. business in all dimensions of the UNFCCC.

Enabling conditions inside and outside the framework of climate policy will be vital to progress towards the objectives of the UNFCCC and its Paris Agreement. USCIB is ready to recommend synergistic approaches that mobilize trade and investment to support and deploy innovative technologies and forms of energy.

As the U.S. affiliate of Business at OECD (BIAC), the International Chamber of Commerce (ICC) and the International Organization of Employers (IOE), and with its own standing at the UNFCCC and at the UN Economic and Social Council (ECOSOC), USCIB is uniquely placed to scale and amplify these opportunities across the UN system, and in the OECD and the WTO.

As it re-engages, we encourage the Biden Administration to work closely with the full diversity of U.S. business across every sector of the economy. This will be essential to deliver a U.S. Nationally Determined Contribution (NDC) that advances U.S. economic growth, energy security, job creation and climate action, for the widest benefit of all in our society.

While this might take time, we believe it is worth the effort to consult and reflect the views and expertise of USCIB members and other business stakeholders on economic, social, energy and environmental dimensions of U.S. actions at home and abroad in this critical area.

We look forward to this new chapter of vigorous American involvement and cooperation towards a successful COP26 climate meeting in 2021, and to U.S. involvement in the UNFCCC process into the future.

About USCIB: USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include U.S.-based global companies and professional services firms with operations in every region of the world. USCIB has represented U.S. business at the UNFCCC since 1993. Furthermore, as the U.S. affiliate of leading international business organizations and as the sole U.S. business group with standing in ECOSOC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org. 

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SOURCE United States Council for International Business