France is working to get Paris Agreement ratified across world
Climate – COP21 High-level Business Dialogue – Opening speech by M. François Hollande, President of the Republic
Paris, 10 June 2016
Ségolène Royal and I are very pleased to be your hosts for this lunch and then the dialogue we’re going to engage in with you on the climate. I also welcome the business leaders, members of Parliament who have been actively involved in ensuring that this event is a success, and the Chairman of the African [Development] Bank, who is here. It’s very important for us to have the best relations with these major development banks. Nicolas Hulot has done us the pleasure of coming back to a place he knows well – Marigny (1) – where, for over two and a half years, he had his office and worked to make COP21 a success.
What I wanted to tell you by way of an introduction to this lunch is that since the Paris Agreement – and this was Ségolène Royal’s wish – we’ve been working to get the agreement ratified as quickly as possible following its signature by 175 countries, and even more since 22 April 2016. We also made sure France was one of first countries to ratify it. So my thanks go to the National Assembly and the Senate for putting us in the best position to persuade the others since, as you know, there must be 55 countries which account for 55% of emissions in order for the agreement to come into force.
We think this is possible by the end of 2016. I myself insistently expressed the wish for this during the G7 meeting. For its next meeting in June, the European Union will once again have to be mobilized to reach this target. We must move fast because we also have to prepare the COP22 meeting in Morocco and we want the momentum triggered in Paris to continue and be amplified.
So we want to put several issues up for discussion.
The first issue is carbon pricing, because the member countries wanted to commit to this demand to give carbon a price, as did the businesses represented here. I know the message that Gérard Mestrallet in particular wanted to get across throughout the preparations for the Paris Agreement: giving carbon a price, ensuring we can define a [price] band globally. We know that it will take time, that stages are needed, but unless at some point there’s a determination – we’ll talk about it again this afternoon – to fully promote this issue, we won’t get the results that are set out in the agreement.
The second issue is being able to mobilize the private sector as much as possible, and that’s what we’re doing by means of this breakfast and also the meeting. The OECD is absolutely decisive in ensuring that we can give businesses the visibility and that they themselves can provide transparency and criteria that could justify their investments, and so I especially thank the COP President for having, after Laurent Fabius, provided this perspective, so that we can not only implement the agreement but go further than the agreement, and particularly on this issue of carbon pricing./.
(1) The Hôtel de Marigny is a state-owned residence in Paris used, among other things, to accommodate those paying state visits to France.