Business & Climate Summit (London, 28-29 Jun 2016)
"The Business & Climate Summit is the leading annual forum for businesses, investors and policymakers on climate action. It is where business and governments come together to agree on a roadmap for reaching net zero emissions over the next half century. It demonstrates how low carbon strategies are good for business and good for growth – and builds the partnerships needed to scale up and accelerate the low carbon transition."
For more information about the summit, see here.
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Report finds businesses could cut 10 billion metric tons of carbon dioxide if govts. encouraged them to sign up to 5 initiatives
"Business will be key driver of global climate action, new research report reveals" 28 Jun 2016
A new research report, ‘The Business End of Climate Change’ launched today at the Business & Climate Summit in London’s Guildhall puts a figure for the first time on what greenhouse gas emissions cuts could be achieved by business worldwide…Business is not waiting until 2030 to play its part. In total, around 300 leading companies have already signed up to the five climate action initiatives that the report analyzes. The report acknowledges that whilst leading companies are already engaged in taking climate action…there remains a long way still to go to achieve the sub 2°C goal agreed by countries in Paris at COP21. The report [found that if] all relevant companies were encouraged to sign up to the five initiatives…business would cut emissions by around 10bn metric tons per year…To achieve this ambitious potential BDC target, government and business must continue to work together to create the right policy and regulatory framework to allow for enhanced climate action...The report calls on governments across the world to:
- encourage utilities to offer renewable energy contracts and make it easier for businesses to commit to them;
help companies build their own renewable electricity installations;
- support R&D for low carbon technologies;
- offer grants and capital depreciation to make energy efficiency investments more attractive;
- create incentives for buyers and sellers of sustainable products;
- reduce the administrative and cost burden of certification for producers, so it’s easier for them to produce commodities without deforestation.
[Refers to AstraZeneca, CaixaBank (part of La Caixa), IKEA, Kellogg]
The food sector is responsible for a large portion of greenhouse gas emissions, which drive global climate change. The sector also relies on the labor and production of millions of small-scale farmers and agricultural workers in the regions most vulnerable to the effects of climate change.
Explore the graphics below to see how much greenhouse gas some of the world’s major food commodities emit — from staples like rice to speciality commodities like coffee — and the level of water scarcity in the regions they’re grown. Also, read the stories of the farmers who grow these commodities are being impacted by climate change.
Author: Rebecca Pearl-Martinez & Tim Gore, Oxfam
The Paris Agreement marked a major breakthrough in support for climate action from many parts of the business community, including from key actors in the food and beverage sector. But despite significant progress, much work remains both to cut greenhouse gas emissions and to support the millions of people already hit by climate change.As one of the sectors that is at highest risk of being affected by climate change, responsible for a giant emissions footprint and reliant on millions of small-scale farmers and agricultural workers in the regions most vulnerable to climate change, the food and beverage sector should lead the next generation of post-Paris corporate climate commitments.This paper presents new data commissioned from the research consultancy CE Delft on the greenhouse gas emissions footprints and water scarcity footprints of major food commodities. The data demonstrate the vital role the food and beverage industry can and must play in turning the Paris Agreement into a springboard for the stronger climate action needed...If the top five highest-emitting foodcommodities (rice, soy bean, maize, palm oil and wheat) were a country, they would be the third highest emitter on the planet – only surpassed by China and the USA...
Author: Irit Tamir, Oxfam America
While the transition away from fossil fuels remains central to the Paris target of limiting the temperature increase to 1.5°C, this will only remain within reach with significant additional emissions cuts across all sectors of the economy over the next decade, including from the global food system that accounts for around 25% of global emissions...As an industry with such a sizable emissions footprint and one that relies on millions of farmers and agricultural workers in regions that are already being significantly affected by climate change, the sector also has a major responsibility to play a prominent role in fighting climate change...Many food and beverage companies have already shown their willingness to lead on climate action...Now the food and beverage sector must build on this by addressing the substantial agricultural emissions associated with their supply chains. As Kellogg and General Mills have demonstrated, the best way to do this is through setting science-based mitigation targets for their entire supply chains...[Also refers to Ben & Jerry's, Coca-Cola, Danone , Mars, Nestlé , PepsiCo and Unilever]