Heads of 50 major global businesses representing more than $1.5 trillion in total revenue today publish an open letter to world government leaders urging greater collaboration to accelerate outcomes in the race against climate change.
Leaders from the Forum’s Alliance of Climate Action CEOs are committed to using their positions to help meet the Paris Climate Agreement goals. Thirty of the companies that signed the open letter succeeded in reducing emissions by 9%, (more than 47 million metric tonnes in absolute terms) between 2015 and 2016, the equivalent of taking ten million cars off the road for one year.
The open letter is addressed ahead of the UNFCCC climate conference in Katowice, Poland, where government leaders will meet next week to review progress towards delivering on the goals set in 2015.
Alliance leaders call for greater public-private cooperation to accelerate effective carbon pricing mechanisms and policies to incentivize low-carbon investment and drive demand for carbon-reduction solutions. They also highlight the business case for cutting emissions to generate wider support in the private sector.
“If we have twelve years to avoid a ‘hothouse’ earth, we absolutely cannot pursue a business-as-usual approach. Business and government must forge new partnerships that are able to drive results much more quickly than our current international architecture allows,” said Dominic Waughray, Head of the Centre for Global Public Goods, World Economic Forum.
“Business has an increasingly vital role to play in accelerating the shift to a low-carbon and climate-resilient economy. This will require partnerships with other companies, governments at all levels and civil society. It also requires bold leadership and good governance, which will allow long-term creation of shareholder value alongside long-term value for our society. We, as business leaders, are committed to climate action and stand ready to facilitate fast-track solutions to help world leaders deliver on an enhanced and more ambitious action plan to tackle climate change and meet the goals set out at the 2015 Paris Climate Agreement”, said Feike Sijbesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM, and Chair of the Alliance of CEO Climate Leaders
Among measures taken by members of the Alliance to drive climate action within their businesses:
BT: The UK-based telecom provider is aiming to buy 100% renewable energy by 2020, and to have reduced carbon intensity by 87% from 2017 levels by 2030. It is also aiming to help customers cut emissions by three times its own total carbon impact by 2030.
ENGIE: Having cut coal-fired capacity by 60% since 2016 by closing or selling plants, the France-based energy group has adopted an internal carbon price and is now focusing on low CO2e energy sources like natural gas and renewables, which will represent over 90% of its earnings by 2018.
ING Group: By 2025, the banking group will only finance existing utility clients that use coal for 5% or less of their energy mix. New clients will only be financed if they have near-zero reliance on coal. As of November 2017, 60% of all utilities project financing went towards renewables.
Ørsted: Changed its name in 2017 from Danish Oil and Natural Gas (DONG) Energy to signify its switch from oil and gas to renewable energy. The company has committed to reducing greenhouse gas (GHG) emission intensity from energy production by 96% by 2023, using a 2006 base-year.
Royal DSM: The Netherlands-based global business in health, nutrition and sustainable living was established in 1902 as a nationalized coal mining company. This year it has committed to an absolute GHG emissions reduction of 30% (2016-2030, Scope 1+2), among other by using 75% purchased renewable electricity by 2030. DSM uses an internal carbon price of €50 per ton of CO2e.
Signify: Formerly Philips Lighting, the company has committed to achieve net-zero carbon buildings by 2030 and to operate a 100% electric and hybrid lease fleet by 2030.
The Alliance of Climate CEOs has also provided input into the UNFCCC Talanoa Dialogue and companies will be looking for a clear signal from COP24 negotiations that governments are willing to strengthen their engagement with the private sector. When they meet in Davos in January 2019, a clear focus will be on setting goals for the UN Secretary General’s Climate Summit in September 2019 to further support the urgent action needed – a watershed moment for getting the planet on track to curb emissions and avoid global temperature rise beyond 1.5oC.
View from the C-Suite
José Manuel Entrecanales Domecq, Chairman and Chief Executive Officer, Acciona: “The second-best time to act against climate change is now; the best has already passed. It´s the moment to foster emission reduction, effective carbon prices, key partnership and climate risk management.”
Cees ‘t Hart, President and Chief Executive Officer, Carlsber: “We’re targeting carbon neutrality by 2030 and are excited to work alongside like-minded businesses in our drive to reach the goals of the Paris Agreement, through climate leadership and action.”
John Flint, Chief Executive Officer, HSBC Holdings: “Climate change is a major threat to our environment, societies and economy. Decarbonization of the economy is not straightforward, but it can be achieved by urgent and combined efforts by government, business and policy-makers. HSBC is committed to climate action and has already made significant progress towards our commitment to provide $100 billion of sustainable finance”.
Chen Kangping, Chief Executive Officer, JinkoSolar: “This is the last chance we give to ourselves. Don’t be too late to take action when grid parity is just around the corner.”
Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente: “We have a real opportunity to create synergistic public-private partnerships. Working together, we can solve these pressing climate change issues.”
Tex Gunning, Chief Executive Officer, LeasePlan: “Climate change is one of the biggest challenges facing every one of us. That’s why we’re committed to working with the entire stakeholder community to speed up the transition to zero emission mobility. Our ambition is to achieve net zero emissions from our entire fleet of 1.8 million vehicles by 2030.”
“Pollution is having dramatic impact on our climate, our landscapes, our flora and fauna, and our health. We need a higher environmental engagement and a shift towards systems that address the negative and positive externalities of products and businesses. Banks should stop financing dirty businesses and shift financial flows towards a low carbon and more circular economy,” said H.S.H. Prince Max von und zu Liechtenstein, Chief Executive Officer, LGT.
Henrik Poulsen, Chief Executive Officer, Ørsted: ”Green energy is now fully competitive with fossil energy. There is no economic reason for not accelerating the transition to green energy.”
Eric Rondolat, Chief Executive Officer, Signify: “Today’s weather anomalies are the result of a temperature rise of only 1 degree Celsius. Imagine the impact on our daily lives when temperature rises 2 degrees or more. We – both political and business leaders – need to act now and accelerate targeted integrated policy interventions that stimulate sustainable business and safeguard a healthy planet for future generations. The good news is that we can still limit global warming with the latest available technologies, so let’s step up climate action now for the benefit of all”.
Christian Mumenthaler, Group Chief Executive Officer, Swiss Reinsurance Company Ltd.: “Climate change is impacting our societies and will cause irreversible damage if we don’t act. With our partners we need to make societies more resilient and build a low-carbon future”.
Erik Fyrwald, Chief Executive Officer and Executive Director of Syngenta International: “Climate change poses severe threats to food security, rural communities and economies. As one of the world’s leading agricultural companies we are investing more than US$1 billion every year to achieve a coherent approach to meet that challenge.”
The list of signatories includes:
- Ulrich Spiesshofer, President and Chief Executive Officer, ABB
- Pierre Nanterme, Chairman and Chief Executive Officer, Accenture
- José Manuel Entrecanales Domecq, Chairman and Chief Executive Officer, Acciona
- Oliver Bäte, Chief Executive Officer, Allianz
- Peter Oosterveer, Chief Executive Officer, Arcadis
- Gregory Hodkinson, Chairman, Arup Group
- Thomas Buberl, Chief Executive Officer, AXA
- Martin Brudermüller, Chairman of the Board of Executive Directors and Chief Technology Officer, BASF
- Peter T. Grauer, Chairman, Bloomberg
- Gavin Patterson, Chief Executive, BT Group
- Ion Yadigaroglu, Managing Partner, Capricorn Investment Group
- Cees ‘t Hart, Chief Executive Officer, Carlsberg
- Patrick Allman-Ward, Chief Executive Officer, Dana Gas
- Kim Fausing, President and Chief Executive Officer, Danfoss
- Frank Appel, Chief Executive Officer, Deutsche Post DHL
- Francesco Starace, Chief Executive Officer and General Manager, Enel
- Isabelle Kocher, Chief Executive Officer, ENGIE Group
- Jeffrey McDermott, Managing Partner, Greentech Capital Advisors
- Jean-François van Boxmeer, Chairman of the Executive Board and Chief Executive Officer, Heineken
- Ajit Gulabchand, Chairman and Managing Director, HCC
- Ratul Puri, Chairman, Hindustan Powerprojects (Hindustan Power)
- John Flint, Chief Executive Officer, HSBC Holdings
- Ignacio Sánchez Galán, Chairman and Chief Executive Officer, Iberdrola
- Salil S. Parekh, Chief Executive Officer and Managing Director, Infosys
- Ralph Hamers, Chief Executive Officer, ING Group
- Chen Kangping, Chief Executive Officer, JinkoSolar
- Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente
- Sandra Wu Wen-Hsiu, Chairperson and Chief Executive Officer, Kokusai Kogyo
- Jan Jenisch, Chief Executive Officer, LafargeHolcim
- Tex Gunning, Chief Executive Officer, LeasePlan
- Stefan Doboczky, Chief Executive Officer, Lenzing
- H.S.H. Prince Max von und zu Liechtenstein, Chief Executive Officer, LGT
- Michael H. McCain, President and Chief Executive Officer, Maple Leaf Foods
- Jean Raby, Chief Executive Officer, Natixis Investment Managers
- Henrik Poulsen, Chief Executive Officer, Ørsted
- Ross Beaty, Chairman, Pan American Silver
- Robert E. Moritz, Global Chairman, PwC International
- Feike Sybesma, Chief Executive Officer and Chairman of the Managing Board, Royal DSM
- Frans van Houten, Chief Executive Officer, Royal Philips
- Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric
- Eric Rondolat, Chief Executive Officer, Signify
- Takeshi Niinami, Chief Executive Officer, Suntory Holdings
- J. Erik Fyrwald, Chief Executive Officer, Syngenta International
- Tulsi Tanti, Chairman, Suzlon Energy
- Christian Mumenthaler, Group Chief Executive Officer, Swiss Reinsurance
- Don Lindsay, President and Chief Executive Officer, Teck Resources
- Sergio P. Ermotti, Group Chief Executive Officer, UBS
- Paul Polman, Chief Executive Officer, Unilever
- Anders Runevad, President and Chief Executive Officer, Vestas Wind Systems
- Svein Tore Holsether, President and Chief Executive Officer, Yara International
Climate change and global challenges
The whole world has been severely affected by climate change and the Covid-19 epidemic. The natural character of the whole world has also changed due to the rise in global temperature. Given the current situation, all the people of the world are in a state of panic about the horrors of the coronavirus. The world has been devastated by hundreds of disasters since the 1960s. More than 50 million people have become destitute. Many people have died. And most of the disasters are accompanied by constant climate change.
In 2020, 4 crore people became homeless due to deteriorating weather and climate change. At the same time, the adverse effects of the weather are becoming more extreme due to climate change from this year. This year it will break the record and stand at 5 crore. Many people have to leave their country. This number is double the current refugee population in the world. Not just any particular country or people, people all over the world are facing the harmful effects of climate change. Especially in the last 20 years, this effect has spread from Asia, Europe, Africa to the Americas.
Increasing use of fossil fuels is warming the weather, forcing more people to flee their homes due to unexpected floods or storms. Besides, factors like crop damage and drought are also making this trend more evident. Politicians in rich countries are fearful of increasing pressure on their country’s infrastructure due to the influx of environmental refugees from other countries.
Carbon emissions play the biggest role in climate change. Low-income countries are also deprived of 100 billion a year in promised compensation for carbon emissions. Asia has the highest number of people displaced due to environmental reasons. In countries such as China, India, Bangladesh, Vietnam, the Philippines and Indonesia, millions of people live in low-lying coastal areas or in delta-adjacent areas. More and more people are at risk of flooding due to population growth and urbanization, and the rapid rise in sea level is being added to this.
People have already witnessed extreme weather, drought or heavy rains, cyclones. That is to say, the destructive form of climate and nature is gradually becoming manifest. Mankind is being blamed for this hostile behavior of nature. People are taking care of nature in many ways. Rivers are being occupied and the mountains are being cut indiscriminately. Houses are being built on agricultural land. In this way, oppression on nature is going on in various ways, due to which nature is becoming hostile. We are ruining all our own achievements. As a result, there has been severe inflammation.
The world’s population is constantly growing. There is no end to the discussion and criticism about population growth. It is time to take stock of what new steps can be taken or how human suffering can be reduced. With the increase in population, new problems have been added. It may seem unbelievable but it is true that every day around 25,000 people in the world die due to eating habits and malnutrition. In addition, the world is facing many adverse reactions including shortage of potable water, air toxicity, depletion of resources, housing problems and the destruction of the Ozone layer.
At the root of this is population growth. The temperature in the capital Dhaka has risen due to rapid population growth. A study has identified 25 high-risk areas in Dhaka as a result of rising temperatures. These areas have been named ‘Hit Island’. The performance of the people of this area is decreasing day by day with the increase of various diseases.
Assistance is needed to increase the capacity of CVF countries to deal with the dual threat of epidemics and disasters, especially those affected by the increased frequency of climate-related disasters. Climate-risk countries contribute the least to global greenhouse gas emissions, but they suffer the most. 2021 is a very important year for climate issues as the United States returns to the Paris Agreement. The COP-26 conference on climate change in Scotland next November is expected to yield some good results on climate change. The main goal of COP-26 is to address the impact of climate change and to educate the world about its harmful effects. Bangladesh has also participated in this climate change prevention project.
In ancient times there was a close relationship between man and nature. Ever since man came in contact with civilization, he has learned to strike at nature. Over time, man began to wreak havoc on nature. The problem of environmental pollution is increasing day by day. The trees were not spared from the victims of cruelty. As a result, fear is constantly concentrated in our habitable world. We look for different ways to get rid of it. But if we let nature be like that, we would not have to suffer this consequence in our lifetime.
Blinded by the fascination of speed, people have cut down the forest and set up houses, sometimes they have driven away the animals there. In recent times, mountains are being cut down and forests are being cleared somewhere. Deforestation is endangering the lives of many people. Even though the seasons are changing, these incidents add to our anxiety. But trees can be very resistant to prevent global warming. If the environment does not survive, the problems of the world will intensify. Animals, human beings will face loss of everything. The main reason is the indifference of the people.
A closer look reveals that this apathy has a significant effect on the depraved market economy. Rivers, hills, soils, forests are all instruments of income growth in the eyes of that market. In order to earn income from these sources, natural resources are being destroyed, centuries-old trees are losing their lives or the source of the boundless beauty of nature is being endangered. In the past, there was a connection between man and nature, which is why in many places forests have survived because those who grew up in contact with plants can realize the contact with nature by finding ways to do the necessary work without harming the plants.
Climate change is responsible for recent disasters. We have to fight hard to save the world from increasing global warming. World leaders must take strong action, including global initiatives, to leave a sustainable future for the next generation. The international community has a special responsibility to assist countries at risk of climate change in their adaptation and mitigation efforts.
It’s not fair to single out the five countries in the Greta Thunberg UN children-climate case
The Greta Thunberg UN case decision just came out today. You might remember that back in 2019, Greta and other children brought a headline case before the UN to prove that climate change affects children’s rights, and it’s a hard issue of law and rights — something that has been long resisted in the area of human rights law when it comes to the environment. The environment has always been one of those peripheral issues for human rights law and that’s why today’s decision is groundbreaking. In a historic ruling that came out today, the UN Child Rights Committee has found that a State party can be held responsible for the negative impact of its carbon emissions on the rights of children both within and outside its territory.
The countries that are bearing the international public slap in the face in this case, however, (Argentina, Brazil, France, Germany, and Turkey) are not the biggest emitters and polluters. They were selected as a target of the case not for the worst climate impacts, but simply because they have ratified the additional Protocol of the UN Child Rights Convention, so a case against them can be brought; the biggest emitters haven’t. So it’s a bit like a “catch whoever you can”, and that should be born in mind in the discussion.
The countries in the UN Greta case are the classical international law countries (Europe and Latin America) who have agreed that their human rights practices can be reviewed and challenged. The biggest carbon emitters, on the other hand, haven’t agreed to accept cases.The US hasn’t even ratified the Child Rights Convention, as the only country in the world, let alone the Additional Protocol for direct cases.
The case is very important as a test case and one which develops the nexus between human rights law and climate. It develops the principles of the reasoning and the legal parameters — that’s the take-away. We should remember that the five singled out countries are not the bad guys when it comes to climate change.
Global War Against Climate Change
Climate change has affected the entire globe and the process is accelerating at a dangerous pace, while severely affecting the environment, causing glaciers to melt, ice on rivers and lakes to break. It is a fact that the number of climate-related disasters has tripled in the last 30 years. Whereas, out-of-pattern flooding is also affecting plant growth and wildlife.
Meteorologists have predicted that global warming will accompany the loss of sea ice, at the same time, sea levels will increase due to rapid and intense heatwaves across different regions; adding that if the effects of climate change could not be mitigated now, the phenomenon will continue for decades to come and make it impossible to reverse the process. The Intergovernmental Panel on Climate Change (IPCC) has also predicted that temperatures could rise by 2.5 to 10 percent over the next century, while this systematic change can already be observed in different regions.
Owing to climate change, the effects of temperature have begun to affect the pattern of seasons, with hot and cold rains and floods affecting different regions. The most developed regions of the world like the US and Europe are experiencing the worst heatwaves, with record-breaking summers every year. This changing pattern of climate gives us an idea about the changes that will affect the countries where people are already facing difficulties irregular weather patterns. The lives of the citizens of poor and developing countries are in severe danger as they do not have access to alternative means of coping with climate change.
One of the problems faced by the world due to climate change is that with low humidity and strong winds, forest fires are becoming a more common phenomenon, which is intensifying the situation and multiplying the effects of global warming and climate change. Another side of the story is also very threatening as there has been a regular increase in cold weather across the globe since 1980, which is affecting the ecosystem as well as the agriculture sector. In extreme cold, trees stop growing and become inactive to conserve energy. While massive rainfalls and floods have also made human life more difficult, damaging infrastructure and road networks.
Let me quote few examples which are eye-openers for everyone across the globe. Cyclones Idai and Kenneth which came in March 2019, took the lives of more than 1000 people across Zimbabwe, Malawi, and Mozambique in Southern Africa, and left millions without food or basic services. Australian wildfires which burnt more than 10 million hectares, killed at least 28 people and millions of native animals. East Africa drought in 2011, 2017, and 2019 have repeatedly wiped out crops and livestock, they have left 15 million people in Ethiopia, Kenya, and Somalia in need of aid. South Asia floods during last year along with landslides have displaced 12 million people from their homes in India, Nepal, and Bangladesh. Dry Corridor in Central America as Guatemala, Honduras, El Salvador, and Nicaragua are seeing their typical three-month dry seasons extended to six months or more leaving 3.5 million people, in need of humanitarian assistance.
The decline in groundwater level can be another problem while with increasing climate change, large amounts of hot water will vapor out and there is also a possibility of sea-level rise due to rapid showers of rain. Between 2006 to 2016, the rate of global sea-level rise was 2.5 times faster than it was for almost all of the 20th century.
The developing countries are facing the worst food shortages while many are living in starvation due to droughts. The basic commodities of life are becoming rare for a large population which may lead the world towards a civil war-like situation. As a side effect of climate change and ensuing floods, natural disasters, water issues, drought, starvation, extreme cold, and hot weather, people would start migrating from their home towns leading to an exodus of economic migrants.
The international community will have to join hands to cope with this global problem. Owing to modern technology, we are fully aware of the changes which are expected shortly so precautionary measures need to be taken in advance. International organizations also need to play a positive role in defeating this global threat not only to humans but to marine and wildlife as well. The United Nations Environment Programme estimates that adapting to climate change and coping with damages will cost developing countries $140-300 billion per year by 2030.
Few steps may be taken to control the effects of climate change; the irrigation system needs to be improved by introducing sprinkler and drip irrigation at a larger scale, mass-scale plantation drives, effective programs like early warning systems, preparedness, and management including response and rehabilitation to natural disasters in most affected regions, targeted media awareness campaigns highlighting the threats of climate change and its implications, capacity building of institutions working on climate change with solutions to their infrastructural issues and last but not least, affected governments to take bold decisions to prepare the nations to effectively combat the negative impacts of climate change.
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