NewEnergyNews: Business Gets In The Climate Fight

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    Friday, December 14, 2018

    Business Gets In The Climate Fight

    Business is stepping up its fight against climate change. This is how

    Emily Farnworth, 29 November 2018 (World Economic Forum)

    “…[An open letter from] 50 global CEOs running organizations with a combined annual revenue of more than $1.5 trillion…[calls] on governments to step up efforts to fight against climate change… [It provides climate leaders meeting in Poland at COP24 an] opportunity to assess the business community’s role to date in helping meet its ambitious goals…[30 of the 50 organizations] reduced carbon emissions by a very healthy 9% between 2015 and 2016… 9% in one year is much greater than the average 3%...[But not] all of the signatories achieved the same rate of success…[Driven by policy,] the power sector is] moving away from coal and switching to gas and renewable electricity generation…[F]or other sectors, voluntary action is critical to accelerate emissions reductions…

    …[A new report shows that benefits are now appearing] from years of investment into clean technologies which will deliver exponential growth in the near future…[A] 23% rise in solar power between now and 2030 – roughly half of the rate at which it is growing currently – will translate to a 50% reduction in CO2 emissions from electricity generation. Similar revolutions for industry in the circular economy, or from electrification in transport fleets, will yield equivalent impacts…Also encouraging is that businesses are finding their own pathways…[498 companies have so far committed to using science-based targets to understand how they can limit emissions, while 151 have set targets that meet the criteria…” click here for more

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