Ambitions of new WBCSD initiative could deliver two-thirds of carbon reductions needed for critical UN climate change goal, says PwC report
Today, the President and CEO of the World Business Council for Sustainable Development (WBCSD) Peter Bakker launches an analysis by PwC showing that the ambitions of WBCSD’s Low Carbon Technology Partnerships initiative (LCTPi) could deliver 65% of the carbon emission reductions needed to keep the rise in global temperatures to under 2°C.
Led by WBCSD, LCTPi is a unique initiative whose size and scale is unmatched across the world. More than 140 companies and 50 partners have joined the initiative to lead action plans for the development and deployment of low-carbon technology, designed to reach ambitious targets on emissions reduction. The investment needed to meet the LCTPi ambitions, as well as the jobs this investment could create, would have a global impact. With half of investment expected in non-OECD countries, LCTPi would be of particular benefit to developing markets.
Ahead of the global climate change conference in Paris in December, Peter Bakker is in London with business leaders to call on governments to deliver the ambitious global climate agreement that will provide the framework in which global businesses will be able to deliver on their LTCPi ambitions. ….