Net Balance is delighted to be a signatory to the 2°C Challenge Communiqué which calls on governments to break the deadlock in the international negotiations and take the necessary action at a national level to ensure a successful transition to green growth and a climate resilient economy. Starting with the negotiations in Bali in 2007, previous Communiqués quickly gained wide business and NGO support, with 950 companies endorsing its message of support for an "ambitious, robust and equitable global deal on climate change" before the UN
climate conference in Copenhagen in 2009. This year, business leaders emphasise that the window of opportunity to stabilise warming to 2°C "has almost closed".
The Communiqué notes that, if they fail to act, governments "risk permanent damage to their credibility", but the right action would "secure a low carbon-emission economy that is more resilient, more efficient and less vulnerable to global shock". Without an international deal, "business will have insufficient clarity or certainty of action to invest to its full potential"