The landmark Paris Agreement adopted at COP21 was made possible, in part, by the business community. Governments around the world needed to know, and be able to show, that business supported an ambitious approach to tackle climate change.
Large, private sector energy customers wanting to buy more renewable energy are already driving change in electricity markets by scaling up clean power delivered through the grid. More renewables in countries’ power grids will accelerate progress toward emissions-reduction targets put forth in Paris.
If successful, the new international climate agreement forged in Paris will send strong signals to financial markets—and therefore to businesses and investors—about the direction of energy for the foreseeable future.
Even before the new international climate agreement is finalized, COP21 has accomplished a lot when it comes to cities, clean energy, business and more.
The new CAIT Climate Data Explorer Business platform makes it easy to access, compare and visualize corporate emissions and emissions-reduction targets.
The companies represent $932 billion in revenue and 476 million tonnes of annual greenhouse gas emissions. Their commitment to align their emissions-reduction goals with what the latest climate science says is necessary to limit warming to 2 degrees C will make a huge impact.
The private sector generates more than 60 percent of gross domestic product, and micro and small enterprises in developing countries provide around 60 percent of all jobs. So boosting businesses’ resiliency is critical for boosting community resiliency.
Just 10 years ago, many corporate executives wouldn’t even say the words “climate change.” Now, hundreds are taking action by setting internal prices on carbon, adopting science-based emissions targets and signing climate action pledges.
There has never been a better time to ask: what are you doing to price carbon?
Hundreds of companies are now pricing carbon, and hundreds more expect to in the next couple years. An internal price on carbon is emerging as a useful tool for integrating climate change considerations—specifically the value of reducing carbon dioxide and other greenhouse gases (GHGs)—in business decisions.
A new ...