The US and China have raised their climate ambition. Now business must too.
2014 has seen an unprecedented number of corporate commitments to tackle deforestation. Many of the world’s largest companies now recognize that rising global demand for key agricultural commodities, which help to fuel deforestation, could jeopardize our ability to stay below two degrees of warming. This wave of commitments was given further global attention in September when governments, NGOs and companies came together to sign the New York Declaration on Forests, which included a pledge to eliminate deforestation from the production of agricultural commodities by 2020.
Companies are fast waking up to the challenges posed by the growing global demand for access to adequate quantities of clean water. These multiple demands, from local users, governments and industry, on limited water resources means that business needs to be smarter than ever before in how it manages this supply. California’s severe drought for example, now in its third year, has cost the state billions of dollars and confirms the reality that water can no longer be treated as a free raw material.
Water insecurity is already presenting parts of the corporate world with serious challenges. Competition for scarce water resources is leading to business disruption, brand damage and the loss of operating licenses.
Following the launch of the latest CDP analysis on corporate actions in response to climate change, the underlying data sets, including the historic data, are now available for detailed academic analysis.
Standing in the midst of nearly half a million climate marchers in New York City this September, the largest march of its kind in history, a shared feeling of connectedness and positivity was heavy in the air. How well did Climate Week NYC and the UN Climate Summit last month respond to that sense of hope?
The European Council’s decision on the EU’s 2030 Climate and Energy Package will take place within days. Both Europe’s growth and competitiveness are crucial issues for EU Member States deciding on the policy framework, and the decision has consequences for not just Europe’s climate future, but for the potential of securing a robust global climate deal in Paris next year.
New guidance on corporate target-setting means businesses can now reduce their carbon emissions in line with climate science.
This year’s Climate Week in New York saw many exciting new developments, but one in particular marks a new opportunity for regional governments all over the world to demonstrate their contribution to tackling climate change.