International Framework for Tackling Climate Change

Business Action to Tackle Climate Change

Session background and objectives

・In order to achieve global net zero anthropogenic emissions of CO2, private sector’s efforts compatible with their economic activities are indispensable. Due to the limitations of existing climate change measures which are often subject to national policies or specific to a sector or technologies, a conceptual breakthrough not bound by an existing framework is necessary. This year, we will discuss the kinds of measures and innovation that are necessary as business actions, for the long-term perspective of achieving global net zero anthropogenic emissions of CO2.

・In addition to the corporate activities’ long-term perspectives and in order to promote and ensure industry’s contributions for reducing emissions, the discussion will cover the required government support for technology development, and will also cover enhancing the business environment. These actions should facilitate private companies’ implementation of climate change measures that are consistent with economic sustainability.

Speakers

Jun Arima[Chair]

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Professor, Graduate School of Public Policy, The University of Tokyo

Ted Nordhaus

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Founder and Executive Director, Breakthrough Institute

Abstract:

Climate Policy and Technology Innovation After 2C

Global climate policy has been predicated upon limiting temperature increase to 2 degrees above pre-industrial levels. But the commitments made in Paris in December of 2015 fall far short of that target. Recognizing that global emissions are likely to significantly surpass levels consistent with 2C stabilization has significant implications for climate mitigation and adaptation efforts.

Phillippe Fonta

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Managing Director, Cement Sustainability Initiative (CSI), World Business Council for Sustainable Development (WBCSD)

Abstract:

The importance of multi-stakeholder partnerships

The challenges related to climate change (both for mitigation and adaptation) are so complex that no-one can solve them alone. Cooperation is essential to develop and implement solutions at scale. The WBCSD offers an ideal collaborative platform for sustainability issues: sectoral collaboration, such as the Cement Sustainability Initiative (CSI), collectively measuring and piloting its CO2 emissions since more than one decade, developing low-carbon technology roadmaps in partnership with the International Energy Agency (IEA) as well as cross-sectoral projects such as smart cities, Sustainable Mobility and Redefining Value. Through the lens of CSI, the presentation will focus on key achievements and future commitments of the cement and concrete sector.

Hiroyuki Tezuka

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Chair, Working Group on Global Environment Strategy, Committee on Environment & Safety, Keidanren

Abstract:

Keidanren (Japan Business Federation) has been tackling on Climate Change through Voluntary Action Program, a Pledge & Review initiative, from 1997 with the participation of more than 60 industry sectors. This program overachieved the original target and this may provide lessons to the implementation of Paris Agreement; a Pledge & Review process. The initiative is now upgraded to “Keiranren’s Commitment to a Low Carbon Society” aiming at both 2020 and 2030. This initiative consists of 4 pillars; ①Emission reduction through domestic operations, ②Contribution through low carbon products, ③International Contribution, ④Development of Innovative technologies

Nicolette Bartlett

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Director, Carbon Pricing, CDP

Abstract:

The benefits and impact of this increased transparency; The reasons why investors are calling for more disclosure; and What CDP is doing to encourage more and better disclosure.

In addition, she will highlight how the market is responding globally to the increase in carbon pricing policies globally. She will also cover how companies’ risk management practices are evolving through the development of an internal carbon pricing metric / tool which reveals climate-related risks and opportunities in a company’s value chain; helps drive behaviour change to decrease these risks and supports the company in being able to seize new opportunities that emerge in the transition to a low-carbon economy. Nicolette will also highlight the work of the Task Force on Climate Related Financial Disclosure and how carbon pricing fits within its recommended framework.

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