Momentum for climate action builds with One Planet Summit
The Summit takes place in Paris on 12 December 2017.
The participation of many leaders of countries, as well as many hundreds from civil society, from cities and NGOs to investors and business, is a sign of the sustained mobilisation for global climate action since COP21. Now this needs to be ramped-up to match with the objectives of the Paris Agreement.
WWF expectations from the participants at the Summit:
- Shifting the trillions, by game-changing leadership in public policy.
- Engaging public finance, through multilateral and bilateral development banks, to align their portfolios with a ‘well-below 2°C’ future with a well balanced approach between mitigation and adaptation.
- Getting political impetus for new climate leadership aligned with 'well-below’ 2°C ahead of 2018 and the potential review of national climate plans (NDCs)
- Targeting carbon neutrality by mid-century, backed by sectoral carbon budgets and trajectories, as well as short term action to phase out coal and phase in renewables.
’’The Taskforce on Climate-related Financial Disclosures (TCFD) makes the connection between environmental issues and financial stability. It also provides concrete and very practical guidance on governance of climate-related risks. We encourage businesses to adopt the TCFD recommendations as of this year’s reporting cycle and call on G20 members to support TCFD implementation and consider integrating them in mandatory policy frameworks.” Margaret Kuhlow, WWF International Finance Practice leader
”The need for climate action has never been more urgent than now. Initiatives, such as this Summit hosted by President Emmanuel Macron, are important to keep our leaders committed, political will high and momentum in scaling and speeding up new and existing climate actions across all actors. This is critical if we are to keep warming below 1.5°C and avoid the worst impacts of climate change.” Manuel Pulgar-Vidal, WWF International Climate & Energy Practice leader, and former president of COP20.
For further information, contact mwoods:@wwfint.org