Denmark will not opt for a new treaty at the UN's forthcoming Climate Change Conference in Copenhagen in December this year, said Jorgen Clausen, President and CEO of Danfoss A/S. Speaking at a panel discussion on the second day of Global Competitiveness Forum in Riyadh on Monday, Clausen said Denmark will not opt for any new treaty after the expiration of the Kyoto Protocol in 2012. “We have strong case if you look at the Denmark experience. It is about how much GNP do you get in one liter of oil that's consumed. Therefore, we really want to achieve more output in industrial sector.” The panel discussion entitled “Too Hot to Handle? Sustaining the Green Agenda” in the GCF 2009 opened on Sunday. Other panelists included Gary Winnick, Chairman of the Board Pacific Capital Group Inc., Jean-Pascal Tricore, CEO, Schneider Electric, Herbert-Michael Zapf, President and CEO, International Post Corporation and Christine Todd Whitman, 50th Governor of New Jersey and 9th Administrator of the EPA. The panel discussions moderated by Laura Tyson, Professor of Haas Business School and former Chair, US President's Council of Economic Advisors. Clausen said over the last 25 years the GNP in Denmark almost doubled despite inflation correction measures. The international financial crisis will, perhaps, postpone the world efforts to stop global warming issue “a little bit but not very much,” he said. “There (are great) opportunities for new green jobs ..... and I wold say they are, too hot not to handle and we need to continue with investments in the environment which offers extraordinary opportunity to all us and enhance our future,” Whitman said. There are definite challenges, the most important among them is to understand that the world needs to have both – clean and green environment and healthy and sustainable economy, she said. The world needs to develop a technology that offers a clean source of power generation such as solar, wind or CCS (carbon capture and storage) technology, said Tricore, Schneider Electric's CEO. strong point of today's world.” Zapf, President and CEO, International Post Corporation (IPC), said the posts and logistics industry was not only a very important infrastructure and a backbone of globalization, it is also accountable for directly or indirectly for about eight percent of world's total carbon dioxide emissions, “which is quite a number.” “We want to be proactive also because one day when the government decides to impose strong legislation in this field we will present its first energy sustainability report on postal and logistics industry and we hope it will serve as role model to other industries,” he said.
