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.
Business has a significant role to play in enabling the global economy to achieve – and exceed – its climate goals. As a major source of greenhouse gas emissions, the private sector is a crucial partner in securing a prosperous and sustainable low-carbon economy for all. Business leaders are taking heed; more companies are now committed to leadership on climate action than at any time in history. But, there is more to be done to fully realise business’ potential to contribute to putting the world on a below 2°C trajectory. The Business & Industry Day brought together representatives from the private and public sectors, to showcase corporate action and discuss how it can be rapidly scaled-up ahead of 2020.
Press Release: Ambitious Corporate Climate Action Needed for Paris Goals