Five things that will be top of the agenda at the COP23 climate summit
After a year of hurricanes, soaring temperatures and wildfires, what are the key topics of discussion at this year's UN Climate Change Conference?
There is unprecedented, international support to address climate change. The Paris Agreement – a global and legally binding agreement to reduce greenhouse gas emissions to limit global warming to well below 2oC is now in force. The Sustainable Development Goals provide clear 2030 goals on a range of environmental and social issues – including Goal 13 which is an explicit requirement to combat climate change. And in 2016, the international community reached two more milestone agreements, one on limiting international carbon emissions from aviation, and one on reducing HFCs – one of the more potent greenhouse gases. In 2018, the focus will be on governments, businesses, investors, cities, states and regions as well as civil society working together to deliver on existing commitments and increasing ambition ahead of new pledges from National Governments in 2020.
The World Economic Forum Climate Initiative leverages its global platform and convening power to help spur greater and faster action. In doing so, it aims to bolster efforts by stakeholders to inform policy, shift the investment landscape, and develop new business models and technologies.
The World Economic Forum works closely with two critical networks:
Alliance of CEO Climate Leaders - an informal network of leading CEOs committed to climate action. Collectively, they seek to maintain private sector momentum for ambitious climate action, foster cross-sector and public-private collaboration that can help scale up climate solutions, and help shape and support delivery of the Paris Agreement and the SDGs.
Current member companies include:
ABB Ltd; Accenture; Acciona; Allianz SE; Arup Group; A.T. Kearney; BASF; Bloomberg LP; BT Group; Capricorn Investment Group; Danfoss A/S; Dana Gas PJSC; Deutsche Post DHL Group; DLA Piper; DONG Energy; Enel Spa; Engie Group; Ericsson; GranBio Investimentos; Gree Electric Appliances Inc. of Zuhai; Hewlett Packard Enterprise; Hindustan Construction Company; Hindustan Powerprojects (Hindustan Power); HSBC Holdings; Iberdrola; IKEA Group; Infosys; ING Group; International Finance Corporation (IFC); International Flavors & Fragrances (IFF); Jindal Steel & Power; Jinko Solar; Johnson Controls; JSW Steel; Kokusai Kogyo Co.; LafargeHolcim; Lenzing; LeasePlan Corporation N.V.; Lloyd’s; Mahindra Group; Marks and Spencer; Microsoft; Munich Re; Nestlé; Pan American Silver; PensionDanmark; PepsiCo Inc.; Philips Lighting; PricewaterhouseCoopers International; Royal DSM; Royal Philips; UC Rusal; Schneider Electric; Shunfeng International Clean Energy Limited; Siemens; Sinar Mas Agribusiness and Food; SOHO China; Solvay SA; Suez; Suntory Holdings; Suzlon Energy Limited; Swiss Re; Syngenta; Tarkett; Tata Sons; Teck Resources; The Dow Chemical Company; Toshiba Corporation; Trina Solar; UBS Group; Unilever; Veolia; Vestas Wind Systems; Visy Industries; Welspun Energy; Wilmar International; Wipro Limited; Yara International.
Friends of Climate Action - a multi-stakeholder platform that brings together a range of public and private non-state actors to collaborate and share knowledge to help deliver stronger and enhanced global climate action.
For more information, please contact Emily Farnworth, Head of Climate Initiatives, at Emily.Farnworth@weforum.org