Global Climate Agreement Information Centre
The UNFCCC's COP21 was held in Paris in December 2015. Attended by more than 147 heads of state, the largest gathering outside of the UN General Assembly, the negotiations saw an historic agreement signed, with commitments made to:
- hold global average temperatures to less than 2oC above pre-industrial levels and to 'pursue efforts' to limit increases to 1.5oC.
- review national targets in 2020 and every five years to increase individual nations' greenhouse gas cuts, and hold regular global stocktakes of progress towards the collective temperature goal.
- ongoing assistance of $US100b a year in climate finance by 2020 as a floor, with regular reviews along with national greenhouse gas reduction targets. A new financing goal is be agreed by 2025
- recognise that many countries will suffer losses and damage from the effects of climate change, but which specifically excludes any liability or compensation claims as a result of the agreement.
Australia's CEO Guide to climate action
A growing number of Australia’s largest companies are taking a strategic position on climate change. Recognising not only the risks to be managed, there is increasing interest in the opportunities for business growth: with potential new products, services and markets opening up as the world’s major economies pursue their targets to decarbonise.
Australia's CEO Guide to climate action was developed by Sustainable Business Australia (SBA) in collaboration with Energetics. The Australian guide is an addendum to the global CEO Guide developed by the World Business Council for Sustainable Development. It is intended to provide business leaders with insights into the latest climate science and the likely impacts on Australia, as well as outline key actions business can take to address climate change within their business strategy. The actions are both broad and scalable.
View the guide
Energetics' attendance at COP21
Energetics' CEO, Tony Cooper attended, together with Dr Peter Holt who leads Energetics' strategy team. A number of our clients together with other ASX200 companies were present.
Apart from following negotiations, Peter and Tony joined workshops on climate finance, divestment, renewables, energy efficiency and sustainable innovation. Institutions such as the International Energy Agency (IEA) and the International Renewable Energy Agency (IRENA) also ran sector-focussed forums discussing climate change challenges and world's best practice. Energetics also attended events covering agriculture, the built environment, transport and cities.
Read our COP21 blogs
Why Energetics is here at COP21: our first in 30 years consulting on climate change
Three big things for Australia from COP21: business, cities and innovation
Dr Peter Holt
Paris: a shocked city looking to global opportunities
Investors’ risks a focus in Paris - $103 billion unneeded assets in Australia
Paris: 29 pages that could decide the globe's fate
Business at Paris defining the energy mix
Dr Gordon Weiss
Targets deliver bullseye for new carbon reduction technologies
Set a target and climate action will follow