ACCIONA participates in assembly to launch the Carbon Pricing Leadership Coalition (CPLC)

ACCIONA participated in the high-level assembly of the Carbon Pricing Leadership Coalition (CPLC), held in Washington DC. The CPLC is an initiative of COP21 to drive the implementation of effective systems for pricing carbon emissions with the goal of reducing them and slowing global warming.

The CPLC brought leaders in the area of politics, business and civil society together for the first time in Washington DC in parallel with the Spring Meeting of the World Bank and International Monetary Fund. The assembly appointed two co-chairs of the Coalition: Ségolène Royal, France's Minister of Ecology, Sustainable Development and Energy and Chair of COP21, and Feike Sijbesma, CEO of Dutch company Royal DSM; it also called for "setting global goals for coverage of emissions by meaningful carbon pricing systems—as a way to drive collective ambition for the next decade."

The two co-chairs summarised the CPLC's objectives in their initial communiqué:

"As the president of the COP, I encourage countries and private firms to mobilise in favour of carbon pricing,” said Ségolène Royal.

"This movement needs to rely on three principles: a price that is high enough to change behaviours; a price that is stable and predictable to give economic and financial actors the visibility they need; and a price that is coordinated, such that it is an instrument of cohesion, not of competition.”

Royal DSM CEO Feike Sijbesma said: "Business increasingly recognises the positive role meaningful carbon pricing can play in accelerating low carbon technologies and generating economic opportunities whilst combating one of mankind’s biggest threats. Like Royal DSM, more and more companies apply an internal carbon price when reviewing investment decisions."

The Carbon Pricing Leadership Coalition (CPLC)brings together leaders from government, business and civil society to foster political support for designing and implementing carbon pricing policy and helping to set the scene for carbon pricing. ACCIONA has supported this initiative since 2015.