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Global Climate Action  

At the twenty-first session of the Conference of the Parties (COP 21) in Paris, it was agreed that mobilizing stronger and more ambitious climate action by all Parties and non-Party stakeholders is urgently required if the goals of the Paris Agreement are to be achieved.

In decision 1/CP.21, the commitments from all actors are recognized, including those launched through the Lima–Paris Action Agenda, as well as the urgent need to scale up the global response to climate change and support greater ambition from governments.

At COP 22 in Marrakech, a High-Level Event on Accelerating Climate Action was held to highlight outcomes from the Action Events throughout the conference and culminated with the launching of the Marrakech Partnership for Global Climate Action; a new framework to catalyse and support climate action.

NAZCA Tracking Climate Action

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8

AGL Energy

Australia

COOPERATIVE ACTIONS (3)

Business Leadership Criteria on Carbon Pricing

Set an internal carbon price, publicly advocate and communicate on progress

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Use of carbon price

Private finance

Climate Change Reporting and Fiduciary Duty

Report climate change information as a fiduciary duty

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Private finance

Corporate Engagement in Climate Policy

Responsible corporate engagement in climate policy

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Other

INDIVIDUAL ACTIONS (5)

Reduce CO2e emissions from their supply footprint by 1% through the investment in 155MW of renewable energy projects from 2013 to 2016

Renewable energy

Emissions reduction

Private finance

Reduce direct CO2e emissions from their Torrens Island power station in Adelaide by 0.3% from 2014 to 2017 through the development of a CO2e recovery plant to capture and purify up to 50,000 tonnes of CO2e emissions per year

Emissions reduction

Building

Reduce direct CO2e emissions by 94.2% from 2015 to 2050 by closing conventional coal power stations

Emissions reduction

Use an internal carbon price of USD 9.81

Use of carbon price

Close all existing coal-fired power stations in their portfolio by 2050

Other