Climate Week NYC: Businesses & govts. convene to discuss the transition to a low carbon future

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27 September 2016

Commentary: Energy productivity is an easy, low-cost method for businesses to implement climate-friendly policies

Author: Anya Khalamayzer, GreenBiz

"Is energy productivity the missing link for the Paris Accord?," 27 Sept 2016

Climate Week New York came to a close…What did the week’s events bode for the future as businesses and governments strive to reach climate goals set during last year’s United Nations’ COP21 climate talks?…Momentum is picking up around the new EP100 campaign…EP100 focuses on energy productivity…As EP100 grows and engages sectors and regions across the world, energy productivity may be…the resounding and easy-to-implement factor, that helps companies to easily implement climate-friendly policies…Jenny Chu, head of EP100 at the Climate Group, told GreenBiz…[c]ompanies can take low- or zero-cost measures immediately…[A]ccording to [Mahindra Group] CEO Anirban Ghosh…“Energy efficiency is money in the bank…Many energy efficiency projects have payback periods between two and three years…Being green doesn’t mean you have to sacrifice business returns.”…Companies signing up to efforts like EP100 are sending signals to the corporate sector at large, as well as shareholders, investors, and governments, that businesses are ambitious about climate goals…

[Also refers to Dalmia Cement, Danfoss Group, Covestro, Hongbo Group, and Johnson Controls.]

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23 September 2016

Businesses joins govts. to call for amendment to strictly regulate greenhouse gases

Author: Madeleine Cuff, Business Green

"Businesses join world leaders in push for stricter regulation of toxic greenhouse gases," 23 September 2016

Nations including the US, Chile and Canada, alongside more than 500 businesses, call for an amendment to Montreal Protocol to freeze use of toxic cooling agents hydrofluorocarbons…(HFCs), the potent greenhouse gases used in refrigerators and air conditioning…The countries also pledged to provide a further £80m in adaption funding to developing nations, where HFC use is rapidly increasing. The funding, provided by 16 donor countries and philanthropists, will be used to support improvements in energy efficiency…Securing a deal to limit their use is…critical for preventing dangerous global warming - an ambitious phase down could avoid up to 0.5 degrees of warming by the end of the century…Meanwhile, more than 500 national and international companies and organisations, including Ben & Jerry's, Microsoft, Nike and Unilever, alongside major refrigerant firms from around the world, also joined the call yesterday for action on HFCs, issuing a statement urging governments to start phasing out their use "as early as practicable"…

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22 September 2016

Businesses commit to transition to 100% renewable energy at Climate Week NYC

Author: The Climate Group

"World’s most influential companies announce investments in cleaner, smarter energy," 20 Sept 2016

Wells Fargo & Co. and Dalmia Cement are among a group of world-leading businesses…that…during Climate Week NYC 2016, made bold commitments to make better use of cleaner, smarter energy…RE100 announced eight new members today, including…Hewlett Packard Enterprise (HPE)…VMware Inc. and Rackspace Inc.; VF Corporation …and…DNB – all committing to go 100% renewable. The pledges follow hot on the heels of Apple and Bank of America, both of which joined RE100…yesterday. Amalgamated Bank has also joined the initiative just days after General Motors…In addition to Dalmia Cement, the EP100 campaign today also welcomed three more new members; Mahindra Holiday and Resorts India…Danfoss Group, and…Hongbo Group…Damian Ryan, Acting CEO of The Climate Group, welcomed the new commitments: “It is widely acknowledged that we will not succeed in keeping a global temperature rise below two degrees without significant corporate leadership on energy…When it comes to renewables and energy productivity, investors and policymakers must respond to rising corporate demand and ensure that supportive policies are in place.”…

[Also refers to Diageo, Johnson & Johnson, The North Face, Timberland, and Wrangler.]

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22 September 2016

Christian Aid gives recommendations for how govt. & development banks can aid transition to renewable energy in developing countries

Author: Dario Kenner, Why Green Economy & Alison Doig, Christian Aid

"Financing our future: How development finance can drive the shift to a zero-carbon future," Sept 2016

…The urgency of responding to climate change was highlighted…when governments …delivered the Paris Agreement…In the face of these global agreements, investment by the UK and by the multilateral development banks (MDBs) gives a contradictory picture. On the one hand they all are at the forefront of developing and delivering new renewable energy projects…However, they all continue to invest heavily in large centralised fossil fuel projects which have limited or no direct impact on poverty reduction in the countries where they are situated…

This report makes the case that the UK Government and the MDBs can play a catalytic role in the transition to equitable zero-carbon energy…This must include an increased focus on renewable energy provision for those living in energy poverty…

The UK Government and the MDBs should:

  1. Ensure better data on their energy investments…is publicly available and set clear targets…
  2. Support developing countries to achieve their greenhouse gas reduction commitments…
  3. Support developing countries to achieve universal access to energy…

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