Making a low-carbon economy profitable for all

IN December 2015, the international community (125 actors) came together to send one of its strongest signals on climate change. The adoption of the Paris Agreement on climate change showed global commitment to reduce carbon emissions, and curb the rise in global temperatures.

On April 22 this year, Singapore, the European Union and its member states were among the 175 parties who signed the agreement in New York, signalling the start of national ratification processes that will allow for its implementation.

The Paris Agreement is a huge achievement and marks a turning point in global efforts to combat climate change. The urgent challenge now is to make the necessary transition to low-carbon, climate-resilient economies. Paris has set the international framework for this low carbon, climate-friendly transformation of the global economy. Getting there requires decisive action by a broad range of actors. The business community will have a particularly important role to play in that regard.