"Economic growth without environmental sensitivity is a Faustian bargain, as some of our smog filled cities in India and China demonstrate. And a focus on sustainability without rapid development will only serve to perpetuate poverty," he added. The message from the CEOs has been welcomed by Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC). She said climate action represents a "massive economic opportunity". "This is the first internationally directed industrial revolution and will be the source of good new jobs and strong growth for the coming decades, something developing countries are increasingly realizing and taking the lead on."
The move is part of the ongoing push to deliver a lasting legacy on climate change. The CEOs hope to capitalise on the momentum created by pledges from over 160 countries, notably from the US and China, in recent months to bolster the case that governments have industry support to take decisive action to combat climate change.