The urgency is clear: business, government and civil society must go further, faster to avoid detrimental impacts to people and planet. According to the most recent IPCC report, we’re on track to blow past 1.5°C of warming as soon as 2040 - unless we implement solutions now.
The Low Carbon Technology Partnerships initiative (LCTPi) offers proof that business is moving beyond talk to implement real solutions by bringing different sectors together to sharply reduce emissions.
Climate change poses significant risk to the global economy - we must limit warming to well below 2˚C to avoid the most devastating impacts. Transitioning to a low-carbon economy is the only way to secure sustainable economic growth and prosperity for all. We must transform our energy, industry, agriculture and forestry systems to achieve net zero emissions as early as possible in the second half of the century.
The world’s biggest challenge is also a historic economic opportunity. COP21 was a decisive moment – it provided an essential long-term signal for decision making on assets, investments and business strategies. An increasing number of businesses are joining large-scale, cross-sectoral partnerships to accelerate the deployment of low-carbon technology solutions and reduce their emissions. These companies are positioning themselves for success during the transformation that is underway. Ambitious climate action makes good business sense.
Since its launch at the 2015 United Nations Climate Change Conference COP21 in Paris, LCTPi has brought together hundreds of companies and partners to implement climate solutions at scale. The initiative prioritizes six key projects: REscale, Climate Smart Agriculture, Natural Climate Solutions, Emobility, Transforming Heavy Transport and New Energy Solutions. They are all focused on addressing the climate challenge through innovation and collaboration.