Global low-carbon initiative reveals action plans developed by 223 organisations: ambitions could achieve 65% of the emissions reduction needed to stay under 2°CGlobal low-carbon initiative reveals action plans developed by 223 organisations: ambitions could achieve 65% of the emissions reduction needed to stay under 2°C
- Today the Low Carbon Technology Partnerships initiative (LCTPi) has unveiled the ambitions and action plans developed by 153 companies and 70 partners over the past 12 months to lead the transition to a low carbon world
- PwC analysis shows that if the ambitions are met, LCTPi could achieve 65% of the emissions reductions necessary to stay under 2°C, channel $5-10 trillion of investment into low carbon sectors by 2030 and support 20-45 million jobs each year
Paris, 7 December 2015 – Today, the ambitions and action plans developed by more than 150 companies and 70 partners participating in WBCSD’s Low Carbon Technology Partnerships initiative (LCTPi) will be publicly presented during the WBCSD Annual Council Meeting taking place in Paris during COP21.
The ambitions and action plans are designed to accelerate the transition to a low carbon economy across a wide range of sectors, and have been publically endorsed by more than 80 leading global companies.
LCTPi is a unique initiative in terms of size, scale and potential impact. The global program is an unprecedented demonstration of the determination of business to collaborate across sectors and bring solutions to help governments in addressing climate change.
- 9 LCTPi groups are in operation: renewable energy; carbon capture and storage; low carbon transport fuels; low carbon freight; cement; chemicals; energy efficiency in buildings; forests and climate smart agriculture.
- 85 companies have made 93 endorsements of LCTPi (see annex 1) and are ready to move to implementation.
- Over 1000 high level business representatives and policy makers have participated in international dialogues conducted across five continents and in all key emerging markets.
The LCTPi ambitions and actions will contribute to the national INDCs, and will help them become more ambitious in the future. Paris is a critical step along the journey, but LCTPi by necessity goes far beyond, and it can be expanded with more solution areas that have already been identified.
Each LCTPi has an action plan that focuses on what business can do today (see annex 2). They also suggest policy recommendations and public private partnerships. Together, these will allow the scalability of actions and further investment, and appropriate policies will strengthen the business case and help accelerate them.
President and CEO of WBCSD, Peter Bakker said:
“Meeting the climate challenge requires leadership, action and unprecedented collaboration. LCTPi incorporates these three components and shows that business is supporting governments, by delivering the innovative solutions that we need in order to make the transition to a low carbon world.
“It’s time to scale up. Neither business nor government can solve the climate challenge alone. We must work together – across sectors, across countries, across borders and boundaries, in order to make the progress that is so urgently needed.
“We call on the negotiators here at COP21 to agree an ambitious climate agreement that leads to net zero emissions in the second half of the century. Creating a secure, long-term policy framework will allow business to go further and faster. And we call on other companies around the world to join LCTPi and help drive the innovation and collaboration that sit at the heart of the initiative.”
At COP20 in Lima, a clear call was made for businesses and other non-state actors to come together and set out their contribution to fight climate change. This is where LCTPi was launched. A year on from Lima, the ambitions and action plans presented by LCTPi at COP21 show how seriously the business community has taken this call to action.
An independent analysis of the LCTPi carried out by PwC, demonstrates that if its ambitions were met, LCTPi has the potential to deliver 65% of the emissions reductions necessary to stay under 2°C. By channelling at least $5-$10 trillion of investment into low carbon technologies, LCTPi could create millions of jobs and business opportunities and deliver integrated benefits for our economies, environment and society.
Notes to Editors
Media are invited to attend the LCTPi launch, followed by a keynote speech by former US Vice President Al Gore
What? Launch of the LCTPi business-led action plans to reduce carbon emissions
Who? Antonio Mexia, CEO – Energias de Portugal
Paulo Roberto de Souza, CEO – Copersucar S.A.
Eric Olsen, CEO – LafargeHolcim
Brett Begemann, President and COO – Monsanto
Kersti Strandqvist, Senior Vice President, Group Sustainability – SCA
Alan Gershenhorn, Executive Vice President and Chief Commercial Officer – UPS
Marvin Odum, President and US country chair – Royal Dutch Shell
When? 10.00 for a 10.15 start, 7 December 2015
Where? Marriott Rive Gauche, 17 Boulevard Saint-Jacques, 75014 Paris
For more information, please contact:
Irge Olga Aujouannet
WBCSD Manager Communication
+41 (0)22 733 2137
Tim Wild (London)
+44 20 7395 0465
See next page for Annex 1 and 2
Annex 1. Companies endorsing LCTPi
Total number of company endorsements of LCTPi: 92
Total number of companies: 84
(*indicates endorsement on more than one LCTPi (7 companies))
Akzo Nobel N.V.*
CLP Power Hong Kong Limited
Companhia Geral de Cal e Cimento S.A. (Secil)
CRH India Management Services Pvt. Ltd.
Dalmia Cement (Bharat) Limited
Evonik Industries AG
Forestal Mininco S.A. (CMPC Forestal)
Grupo Cementos de Chihuahua, S.A.B. de C.V. (GCC)
Kellogg Company (Kellogg’s)
Mitsubishi Chemical Holdings Corporation
NRG Energy, Inc
Olam International Ltd.
Portucel Soporcel Group
Royal Dutch Shell plc.
Shree Cement Limited
Starbucks Coffee Company
Svenska Cellulosa AB (SCA)
The Coca-Cola Company
Titan Cement Group
UltraTech Cement Limited
Vestas Wind Systems A/S
Wal-Mart Stores, Inc.
West China Cement Limited
Yara International ASA
Annex 2: LCTPi statements of ambition and action areas
Scaling green bond finance for renewable energy
Support the deployment of 1.5 TW of additional renewable energy capacity by 2025 in line with the IEA’s two degrees scenario
Scaling corporate renewable energy procurement via power purchase agreements
Deploying low-carbon micro-grids
Improving integration of renewables into grids and electricity markets
Carbon Capture and Storage
Developing an innovative CCS funding solution
We aim to help accelerate the deployment of CCS, recognizing that a global emissions pathway consistent with 2°C as described by IEA will require the storage of at least 1 gigatonne of CO2 annually by 2030
Developing a global map for CO2 storage
Further strengthen the aspiration for more sustainable solutions
Unlock an additional 1 gigatonne of CO2e savings per year by 2030 through chemical products serving key sectors like buildings, automotive, packaging and food. Reduce barriers for up to 0.4 gigatonnes of CO2e reduction per year in the industry’s emissions by 2030, on top of anticipated efficiency gains through new breakthrough technologies.
Intensify R&D for new technologies and disruptive innovation
Work on new alliances with strategic partners
Enhancing the coverage of the sector’s CO2 and energy database, with a specific focus on China (representing about 60% of cement worldwide production)
Scale-up CO2 emission reductions in the range of 20-25% in 2030 compared to business as usual, based upon CSI best in class 2020 targets
Enhancing energy efficiency of the cement manufacturing process
Scaling up the collection, availability and usage of alternative fuels and raw materials, including waste from other sectors in a circular economy concept
Further reducing the clinker content in cement to minimize the share of the energy-intensive part of the process
Developing new cement with lower energy and calcination requirements
Engaging the full building and infrastructure value chain in local markets to identify and maximize the avoided emissions by usage of cement and concrete products
Evaluating cross-sectoral initiatives, particularly on the opportunity to capture, use and store carbon at scale
Energy Efficiency in Buildings
Engaging the full building value chain at local level to develop and implement action plans addressing the key market barriers for EEB
Reduce projected energy use in buildings by 50% by 2030 through energy efficiency in buildings
Low Carbon Transport Fuels
Convening private and public stakeholders for next generation biofuels
Use sustainably produced biofuels for 27% of total transport fuel by 2050 to avoid around 2.1 Gt CO2 emissions per year (compared to BAU)
Boosting demand, especially in target markets
Low Carbon Freight Transport
Creating a new freight eco-system by connecting freight road agents in order to improve freight movement efficiency and reduce road freight carbon footprint.
Achieve CO2 neutral (net zero emissions) freight transport within the 21st century
Climate Smart Agriculture
Building smallholder resilience
Produce 50% more available and nutritious food (compared to today) and strengthen the climate resilience and incomes of farming communities
Reduce agricultural and land-use change emissions from commercial agriculture by at least 3.7 Gt CO2e per year by 2030 (50%). Achieve a 65% emissions reduction by 2050
Scaling-up investment in CSA
Improving businesses’ ability to trace, measure and monitor CSA progress
Eliminating agriculture-driven deforestation and sustainable land-use commitments
Forests and Forest Products as Carbon Sinks
Enhancing sequestration in conservation forests
Increase carbon stored in forests and forest products by 6 GtCO2/year
Increasing area and yield in production forests and implementing SFM
About WBCSD & the Low Carbon Technology Partnerships Initiative (LCTPi)
At COP20, WBCSD launched the Low Carbon Technology Partnerships initiative (LCTPi) with SDSN (Sustainable Development Solutions Network) and IEA (International Energy Agency). Supported by the French Presidency of COP21, the LCTPi is part of the Lima-Paris Action Agenda. It aims to present a series of concrete action plans at COP21 for the large-scale development and deployment of low-carbon technologies.
LCTPi is a collaborative platform that brings together WBCSD’s Action2020 Business Solutions, SDSN’s Deep Decarbonisation Pathways and IEA’s Technology Roadmaps to:
- Accelerate the diffusion of existing technologies by removing technological, market and social barriers and introducing required policy and financial instruments
- Develop Public Private Partnerships (PPPs) on the Research, Development, Demonstration and Deployment (RDD&D) of potentially game changing new technologies
About WBSCD President and CEO Peter Bakker
Peter Bakker is the President and CEO of the World Business Council for Sustainable Development. Mr. Bakker is a distinguished business leader who until June 2011, was the CEO of TNT NV, the Netherlands-based holding company of TNT Express and Royal TNT Post. Under his leadership TNT rose to the forefront of Corporate Responsibility via a ground-breaking partnership with the UN World Food Program and ambitious CO2 reduction targets from its Planet Me initiative, holding multiple-year top-ranking positions in the Dow Jones Sustainability Index.
Mr. Bakker is the recipient of Clinton Global Citizen Award (2009); SAM Sustainability Leadership Award (2010); and has been an Ambassador Against Hunger for the UN World Food Programme since 2011. In addition he is the Chairman of War Child Netherlands.All Press Releases