At the Paris COP21 climate conference more than 150 companies have unveiled low-carbon plans which they say can collectively deliver 65% of the emissions reduction needed to limit global warming to two degrees.
The plans are part of the World Business Council for Sustainable Development’s (WBCSD) Low Carbon Technology Partnerships initiative (LCTPi).
Some 153 corporations, including Unilever, Ikea, BP, Ford, Heineken and Nestle, have been work together over the past year on a series of roundtables to develop nine sector-specific decarbonisation plans.
Nine LCTPis have been developed representing an action plan focused on “what business can do today”. They also suggest policy recommendations and public private partnerships with the aim of strengthening the business case for low-carbon action.
For example, 16 of the world’s largest energy companies have a plan to nearly double the planet’s renewable energy capacity by 2025.