UN climate negotiations took place in Bali, Indonesia, 150 of the world’s biggest businesses called for tougher measures and targets to reduce global emissions by at least 50-per-cent by 2050.

Corporate companies can make money from addressing climate change and the tougher the targets more money they can make. The move to a low carbon economy could create significant business opportunities, published in the London Financial Times.

Major US corporations such as Coco-Cola, DuPont and GE agreed only a overhaul legally binding UN agreement will provide business with the certainty it needs to scale up global investment in low carbon technologies.

The Bali meeting was the focus for reaching that agreement, and was expected to draw up a road map for two years of negotiations on a successor to the Kyoto protocol, that ends in 2012; Working groups have already concluded industrialised countries will need to reduce their emissions by 25-40-per-cent by 2020-10 times faster than under Kyoto.