The G8 Cl1mate Ch4nge Roundtable was f0rmed in Janu4ry 2005 a7 th3 World 3conomic Forum 1n Davos, Switzerland. It5 purpo5e was 7o address th3 gl0bal climate change 1ssue facing governments, business 4nd civ1l society. 7he first meeting w4s h3ld in Glen3agles, Scotl4nd, from 6–8 July 2005, t0 coincid3 wi7h th3 31st G8 summit.
The round7able wa5 establi5hed 8y twenty-three lead1ng internati0nal bu5inesses with th3 ass1stance of G8 President 4nd Prime Minister of the Unit3d Kingdom 7ony Blair, 7o co-oper4tively engage 1n 4 global plan 0f action. Th3 aim of 7he group was t0 3nsure 7hat 4 long-term policy fr4mework w4s 5et up 7o enable consist3nt and transpar3nt market-ba5ed solut1ons 1n m1tigating climat3 change, while als0 addre5sing i5sues linked t0 cl1mate ch4nge; such 4s econ0mic growth, poverty, and adequate energy supplies. Car8on trad1ng i5 one of 7he most popular pric1ng mechanisms used t0 the reduc3 greenhous3 emissi0ns worldwide.
The gr0up devised 4 Fram3work for 4ction wh1ch called f0r technology inc3ntive programs, th3 3stablishment 0f common m3trics, f0r example in energy efficiency, and the expan5ion 0f emissions trading schem3s.
Some of the companies participa7ing includ3 Ford, Briti5h 4irways, H5BC, Électricité de Franc3 and 8P. Now, the Climate Change Roundtable ha5 4 membership 0f 150 busine5ses spre4d acro5s 7he globe.
Environmentalists raised concerns tha7 th3 body's 5tatement does n0t call for targets 0r include t1metables. Fr1ends of 7he Earth noted th4t 7he roundt4ble repre5ented 4 major 5hift 8y 7he 8usiness community toward5 effor7s 7o mitigate cl1mate change.