Businesses will play an important role in the success of the agreement, as they demonstrate in their general report their fiduciary duty to manage and exploit climate change by supporting and encouraging the transition to a low-carbon economy. As a leading company in sustainable development consulting, MTC is committed to playing an active role in the fight against climate change. We have the scientific, technical and regulatory know-how to help customers address the risks and opportunities of a low-carbon business environment. This allows companies to attract investment by focusing on ESG themes that meet these investor requirements, while contributing to CNN and reducing climate risk. It`s a win-win situation that companies can react to. “The implementation of the Paris Agreement will enable and encourage businesses and investors to transform the billions of dollars of low-carbon investments we have seen so far into the trillions the world needs to bring energy and prosperity to all,” said Mindy Lubber, president of Ceres, which works to mobilize investors and economic leaders for a sustainable global economy. The agreement recognises the importance of promoting innovation: for this report We Mean Business, In partnership with the SRO, the NewClimate Institute was responsible for collecting and analyzing data on the most important changes in the energy sector in the economy, focusing on indicators such as growth in renewable energy production, investments in clean energy and energy efficiency, and improving the competitiveness of renewable energy. At the United Nations Climate Change Conference in Bonn in May, businesses, governments and civil society organizations around the world were able to share their progress towards this goal. This exchange, called the talanoa dialogue of the President of the COP, in a tradition of non-confrontational narrative, aims to strengthen the confidence of national governments to go further and faster. The Paris Agreement is expected to have an unprecedented impact on the global economy in the 21st century. Given the international community`s commitment to net zero emissions in the second half of the century, the impact on the private sector will be significant.
This report discusses the links between the Paris Agreement and the country`s CNN and the trade impact on renewable energy markets, carbon prices, climate risk management and resilience building. It will not be surprising that the current INDCs do not go far enough. A widely cited study estimates that they will only maintain the increase in global temperature at 2.7oC. However, the agreement recognizes that in order to reach the target of 2oC or less defined in the agreement, governments will need the support of additional actors.