The Low Emissions Economy Partnership (LEEP) is a strategic initiative to bring together a cross-sectoral group of companies and some selected cities to jointly drive greenhouse gas emissions reduction projects through a new type of public-private partnership.
Many cities have developed climate action plans. But there is a gap between cities’ emissions reduction ambitions and the implementation of low-emissions projects across a city, including by residents and businesses. WBCSD believes that both businesses and cities have underestimated the need for a dedicated organization to drive local emissions reductions and urban innovation.
Business has the expertise, the strategic interest and the financial capacity to provide low-carbon solutions in cities. And business-to-business interactions are critical to unlock climate action in cities.
LEEP offers a neutral place for discussions between cities, business and other local stakeholders in a pre-commercial environment; it fosters trust and works towards a common vision that will lead to the implementation of projects. The project will establish local LEEP offices that will work to remove barriers to commercialization, accelerate investment and reduce emissions.