How should IOs engage with the private actors in global climate and energy governance?

<p>This chapter highlights that international organsations (IOs) play a crucial role in supporting the private sector’s engagement in global climate and energy governance, while also addressing the perceived risks that have, until now, restrained IOs from further engagement with the private sector. Collaboration between IOs and the private sector can bring about several benefits, including risk mitigation, crisis management, Research and Development (‘R&D’) promotion, and compliance with standards. These benefits can enhance the private sector’s competitiveness, resilience, and sustainability, thereby contributing to the global transition towards a low-carbon economy and the tackling of climate challenges. Yet the growth of the private sector’s participation in the global climate governance also raises some significant concerns due to the absence of legitimacy and accountability among private actors. </p>