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.
SBA expert commentary on COP23Issued: October 2017
COP23 will be held in Bonn, Germany from 6 to 17 November this year, convened under the Presidency of Fiji. The Conference will host sessions to serve as the meeting of the parties to advance the aims and ambitions of the Paris agreement. COP23 will focus on developing guidelines to clarify how the agreements provisions will be implemented across an extensive area of issues including transparency, adaptation, emission reductions, provision of finance, capacity-building and technology.
Climate Action in 2017Issued: August 2017
Sustainable Business Australia (SBA) released a report for C-Suite executives to assist with business in becoming more transparent with their investors about climate-related financial risks and opportunities, transitioning to a zero-carbon economy.
The report 'Climate Action in 2017 - Insights into the readiness of Australian business to disclose climate-related financial risks and opportunities' is based on research by SBA using the CDP climate disclosures from the ASX200 and analysis and insights from Energetics.
Commentary on COP22Issued: November 2016
The twenty-second session of the Conference of the Parties (COP 22), the twelfth session of the Conference of the Parties serving as the meeting of the Parties to the Kyoto Protocol (CMP 12), and the first session of the Conference of the Parties serving as the meeting of the Parties to the Paris Agreement (CMA 1) were held in Bab Ighli, Marrakech, Morocco from 7-18 November 2016.
The Conference successfully demonstrated to the world that the implementation of the Paris Agreement is underway and the constructive spirit of multilateral cooperation on climate change continues.
Australian CEO Guide to Climate ChangeIssued: November 2015
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.
Expert commentary on COP21 attendanceIssued: December 2015
Energetics' CEO, Tony Cooper attended, together with Dr Peter Holt who leads Energetics' strategy team provide commentary on their attendance to COP21. 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 attended events covering agriculture, the built environment, transport and cities.