International CO2 emissions trading system required

The Dutch Sustainable Growth Coalition (DSGC), in which VNO-NCW participates, calls on companies to reduce their CO2 emissions and use and source their raw materials sustainably. However, it would be only fair to support their efforts by setting up an international CO2 emissions trading system. This is the conclusion that was reached by the CEOs of eight Dutch multinational corporations of the DSGC on the eve of the new negotiations for a global climate agreement in 2015. 

An international CO2 emissions trading system is necessary in order to fuel investments in energy and climate technology. A CO2 emissions trading system that is restricted to Europe is not enough, considering the global scale of the climate change issue. Moreover, European companies would suffer a competitive disadvantage if the rest of the world does not join in, according to the DSGC.