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DESCRIPTION: Carbon emissions have, in the years following the ratification of the Paris Climate Agreement (2015), been established as the predominant issue in corporate sustainability discourse and strategy. One recent study found that net zero commitments now cover at least 68% of the globaleconomy.
The COP26 Youth Climate Protest in Glasgow on 5 November (image credit: PMGphotog / Shutterstock.com). While COP25 in Madrid had seen the launch of many such schemes by big polluters like Shell, Total and BP, with COP26 we could now see these schemes taking a central place in the draft agreement. Carbon capture.
The throwaway globaleconomy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. C at the COP26 summit in Glasgow. billion last year.
In 2015, when a group of us met to ensure the voice of forward-looking business was heard at the crucial COP21 Paris Climate negotiations, this observation felt painfully familiar. COP26 in Glasgow, which many have called the finance and business COP, clearly demonstrated how this movement has become unstoppable.
The 2015 agreement set long-term goals for limiting global temperature rise and reducing greenhouse gas emissions. While each country is responsible for its own contributions, the collective framework ensures a global push toward the same objectives. Multilateralism on climate change has landed significant achievements.
SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C Anything less is incompatible with limiting global temperature rise to 1.5ºC.”
International cooperation is the goal of the annual Conference of the Parties (COP) and despite being dismissed as a failure, the final agreement at COP26 emphasized the importance of nature and ecosystems, including protecting forests and biodiversity. At COP26 the world took a step back from fossil fuels for the first time.
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