Oil and gas companies including BG Group, Statoil, Shell, BP, Eni and Total have called on governments around the world to introduce carbon pricing systems in a bid to create a clearer framework which could eventually connect national systems.
They have also called on the UNFCCC (United Nations Framework Convention on Climate Change) to back the move.
The position of the companies was set out in a joint letter by their chief executives to the UNFCCC executive secretary and the President of the COP21.
It comes ahead of a climate change meeting in Paris in December.
Statoil chief executive Eldar Saetre wrote:“Our industry faces a challenge: we need to meet greater energy demand with less CO2.
“We are ready to meet that challenge and we are prepared to play our part. We firmly believe that carbon pricing will discourage high carbon options and reduce uncertainty that will help stimulate investments in the right low carbon technologies and the right resources at the right pace.
“We now need governments around the world to provide us with this framework and we believe our presence at the table will be helpful in designing an approach that will be both practical and deliverable.”
Recommended for you
