Speaking on behalf of business in over 170 countries in an initial reaction to the COP29 outcome, Secretary General of the International Chamber of Commerce, John Denton, said:


“The deal reached in Baku is far from perfect but represents, nevertheless, an important step towards mobilising the investments needed to decarbonise the global economy and build resilience to a changing climate.


“From a business perspective there is no time to lose in putting this agreement into action. The analysis we published on the opening day of the conference shows that extreme weather events cost the global economy $2 trillion...