The Forum announced the formation of a new international partnership of seven organisations to establish a framework for climate risk-related reporting by corporations. Founding members of the Climate Disclosure Standards Board (CDSB) include the California Climate Action Registry, Carbon Disclosure Project, Ceres, The Climate Group, International Emissions Trading Association, World Economic Forum Global Greenhouse Gas Register and World Resources Institute. The CDSB aims to ensure that companies report climate change-related information in a standardised way that facilitates easier comparative analysis by investors, managers and the public.

In addition, Prime Minister Tony Blair told the Forum that a major breakthrough on climate change could be close, with a radical successor to Kyoto, which expires in 2012. The Forum heard that a shifting in the attitude of the US and the German G8 presidency presented an opportunity for a new international agreement, with US senator John McCain telling the closing session that he expects the US congress to take action on climate change very soon, and the Bush administration to follow suit. Blair described the new American attitude as a “quantum shift.”

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