Solvay supports global efforts to create a global carbon market

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Solvay identifies climate change to be one of the greatest global challenges and joins leaders calling to act on greenhouse gases emissions at the United Nations Climate Summit today.

The magnitude of the challenge requires a credible commitment of all main emitting countries to a strategy for reducing their emissions both in the short and long terms.

In supporting the statement proposed by the World Bank (1), Solvay wants to stress the necessity to stimulate emissions decrease and avoidance in all economies worldwide, while maintaining a global level playing field. We also believe firmly that emission trading systems and crediting mechanisms are the pricing instruments of choice for the industry to reduce emissions at least cost and to develop innovative low carbon solutions efficiently.

(1) Solvay has signed the “Putting a Price on Carbon” statement released at the UN Climate Summit with the involvement of inter alia The World Bank Group, the United Nations Global Compact, the World Business Council on Sustainable Development, the World Economic Forum, the International Emissions Trading Association and the Carbon Disclosure Project.

To know more about the World Bank.