Business Action for Energy (BAE) is an international initiative aimed at promoting sustainable development, and in particular developing the principles of sustainability in the way businesses use energy. BAE provides a model for businesses to work within the principles of sustainable development and has received considerable support in a number of countries, most notably from nations where the International Chamber of Commerce is active.
The Business Action for Energy Framework
BAE was set up in 2005 by the International Chamber of Commerce and a number of other international business organisations. Its key focus is on the way industries of all types use energy. BAE is not intended to be a permanent body but to be a discussion forum with the brief of developing a framework for businesses who wish to develop sustainable growth and energy strategies and to promote a business-led response to climate change and the reduction of emissions.
Sustainable Growth Through Businesses and Industry
BAE has allied itself with the United Nations’ Commission on Sustainable Development (UNCSD) and is committed to the principle that sustainable growth cannot be achieved without the key involvement of industry. Growth, argues Business Action for Energy, can only be sustained on the back of efficient and renewable energy. BAE, therefore, is seeking to work in partnership with public bodies to try to create national energy markets that operate within sustainable policies.
A Sustainable Energy Strategy
Access to reliable and affordable sources of energy is essential for any business that wishes to grow and develop. BAE’s strategy is that the only way this can be achieved in a sustainable way is by ensuring that the sources of energy which businesses use are clean and renewable. BAE has set a number of targets for businesses throughout the world to aspire to in the coming decades, with 2025 and 2050 proposed as key target dates for assessing progress.
The work of Business Action for Energy, in short, has been about developing principles for sustainable growth that businesses can aspire to. The task now, at a national level, is for governments and industry to develop practical initiatives based on these principles.