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2009/12 - Climate summit needs buy-in

Copenhagen failure 'won't harm business'

December 10, 2009

Brushing aside fears that a failure in Copenhagen could ultimately hit companies' bottom lines, the survey shows 60 per cent of 354 business leaders said it would have no impact.

A further 14 per cent of respondents believed it would have a positive impact, with only 25 per cent concerned it would have a negative impact.

World leaders are gathered in Copenhagen, Denmark, to discuss climate change as they try to agree on a successor to the Kyoto Protocol, which expires in 2012.

The Executive Connection (TEC) poll showed more work was needed to demonstrate the relevance of an agreement to Australia, the organisation said.

TEC chief Chris Gorman said Australian chief executive officers (CEOs) appeared "extremely sceptical" about the Copenhagen summit.

"If tackling climate change is going to be successful, agreement needs to be reached that will bring all interested parties together," Mr Gorman said in a statement on Thursday.

"Governments, academics, business, media and the general public need to believe that summits such as Copenhagen, are going to produce tangible outcomes that will balance the threat of climate change with the needs of economies to grow," he said.