This infographic below is a useful guide to some of the latest business thinking on climate change. See below.
I will be in Paris 4-7 December at the Global Landscapes Forum and the Caring for Climate (awful name, nice idea), event.
Any readers who’d like to catch up, email me at tobias DOT webb AT innovation-forum.co.uk. Hope to see you there.
You can also track national pledges and daily reporting on the excellent CarbonBrief website, here.
Some key findings from the latest Accenture/UN Global Compact research includes:
- Seventy four percent of executives at companies with more than US$1 billion in annual revenues, and 61 percent of all respondents, see a long-term agreement in Paris as critical to unlocking private-sector investment in climate solutions.
- The concern about policy action comes as two thirds (66 percent) of business leaders say that the private sector is not doing enough to tackle climate change.
- Ninety-one percent believe that action is an urgent priority for business, but just one-third (34%) see progress on track to restrict global warming to less than the 2°C limit.The study identified five key policy measures that can unlock further private sector investment in climate solutions:
- Legislative and fiscal mechanisms to increase investment in climate solutions;
- Financial instruments to stimulate R&D and innovation in low-carbon solutions;
- Performance standards to reduce greenhouse gas emissions and enhance climate resilience;
- Global, robust and predictable carbon pricing mechanisms;
- The removal or phasing out of fossil fuel subsidies.The study also identifies five key leadership behaviors that will be essential for companies to adopt in their efforts to play a leading role in addressing the climate challenge:
- Providing proactive, constructive input for governments to create effective climate policies;
- Collaborating with industry peers to foster leadership, innovation and scaling of climate solutions;
- Investing in low-carbon technologies and solutions to drive energy efficiency, grow the supply of renewable energy, leverage low-carbon innovations and build climate resilience;
- Taking concrete measures to increase climate resilience in operations and communities;
- Setting emissions reductions targets in line with science and the 2°C limit.