Thirty-nine countries now have carbon-pricing policies on the books, while hundreds of businesses have voiced support. Pricing carbon, which was just a theoretical concept a few years ago, has blossomed into real climate action.
The G7's unprecedented pledge to decarbonize the world economy this century is a recognition of simple arithmetic: Our energy-as-usual approach is changing the climate so much that it is a serious threat to our future prosperity.
The Science-Based Targets initiative aims to enlist 100 companies in 2015 to commit to setting greenhouse gas reduction targets based on the latest climate science. These targets can help prevent the worst impacts of climate change while safeguarding businesses' profitability.
Warren Buffet once said, “Cash combined with courage in a time of crisis is priceless.” Will those with the “cash”—the institutional investors who own an estimated $70 trillion in capital—have the courage to respond?
Today, WRI, the C40 Cities Climate Leadership Group, and ICLEI – Local Governments for Sustainability are launching the final version of the Global Protocol for Community-Scale Greenhouse Gas Emissions Inventories (GPC). It’s the first internationally accepted standard for measuring emissions at the city level, and empowers cities to accurately identify where their emissions are coming from, set credible and achievable reduction targets, and consistently track progress.