Integrating Climate into our Strategy - 5 “Our ambition for Total in 2035 is consistent with the IEA’s 2°C scenario” A CONVERSATION WITH PATRICK POUYANNÉ Chairman and Chief Executive Officer of Total Did COP21 live up to your expectations? COP21 was definitely a watershed. There will be a “before” and “after” COP21. Despite the current instability worldwide, 195 countries managed to unite around an ambitious climate agreement. That sends a strong message. What’s more, businesses were also galvanized; the drive and energy extended far beyond the negotiations between governments. Another positive sign: around 40 countries and regions have already introduced a carbon pricing mechanism or are considering doing so; this agreement includes mechanisms to link the different pricing systems. That’s something Total strongly advocates. Steering investment in the private sector is vital if we want to keep global warming under 2°C. Putting a price on CO 2 is the most efficient financial mechanism to change the rules of the game quickly.