Collaboration is the future of environmental action – how can governments help?

It’s been two years since jubilant negotiators signed the Paris Agreement, pledging to collaborate on keeping global temperature rise well below 2°C. After this year’s climate conference in Bonn, we can see that Paris marked a pivotal moment in global action on climate change, CDP, the global leader in climate disclosure, reports.

Paris paved the way for the world’s major actors—from national governments to cities, states, and regions, from businesses to investors—to raise their environmental ambition by working together. We’ve set the course of progress. Now we need to pick up the pace.

Here at CDP, we’re seeing that business is starting to make good on its commitments: we’re reaching a tipping point in corporate engagement. Over 6,000 major companies now disclose their environmental performance to us.

And, as our latest analysis shows, almost 90 per cent of our sample of the world’s highest impact companies now have targets to reduce their carbon emissions. Meanwhile, national governments are ramping up efforts to deliver the national commitments—Nationally Determined Contributions— pledged in Paris. But they need to go further. Environmental disclosure is a critical step towards upping their ambition.

That’s why CDP’s recent Memorandum of Understanding (MoU) with the Italian government is so important. Through our agreement, Italy aims to accelerate its emissions reduction activities to deliver on its NDC commitments, by inviting 100 of the country’s largest companies and cities to monitor and manage their climate-related risks through CDP. The MoU is an important step in the right direction: it confirms Italy’s environmental leadership and cements CDP’s disclosure platform as the global standard for governments and non-state actors in the fight against climate change.

But it’s also an opportunity for the government to stimulate low-carbon growth and add to the €4.2 trillion global market in low-carbon goods and services. The agreement comes as momentum is building within the EU as a whole. From 2018, large public-interest companies will have to disclose non-financial information as part of an EU directive.

Italian cities taking action

Our partnership is targeting both companies and Italy’s major cities. It’s often in cities, states, and regions where environmental ambition is at its highest—and where we’re moving fastest towards a low-carbon transition. Italy already has 21 cities disclosing to CDP, with more than 200 climate actions underway to mitigate the effects of climate change and secure a safe and sustainable water supply. Milan, for example, has identified increased flooding as a major issue. It has already completed a thorough process of flood mapping and will incorporate the findings into its next urban master plan.

Meanwhile, in Venice, a global symbol of what’s at stake in the fight against climate change, engineers are completing work on a row of mobile gates to protect it from tidal surges. But the city is also seeing opportunities from the new sustainable economy: it’s leading the way on resource efficiency through infrastructure improvements, waste management, and water meters.

Disclosure is the first step to action

As we move towards a tipping point in environmental action, we’ll need more national governments to commit to supporting corporate and regional disclosure. It’s the first step to truly ambitious action, and fundamental if we’re to track progress towards the goals of the Paris Agreement. CDP provides the primary tool for governments, globally, to drive the environmental policy that underpins low-carbon growth.

We’re calling on them to require private sector disclosure on environmental risks and opportunities, to ensure that the global financial system is stable and sustainable. Scaling up our low-carbon transition is vital: we have the tools and we now need further shifts in collaboration from governments across the world to reach the goals set two years ago in Paris.

Climate-KIC partner, CDP, is the leading data provider on city climate action and we are now working with the Italian Environment Ministry to increase the number of disclosing cities as well as the quality of data reported, ultimately leading to more climate action by Italian cities and companies. CDP’s Shirin Reuvers spoke at Climate-KICs Climate Innovation Summit in Milan, Italy at the climate risk information session.    

 
Location
Articles you may be interested in
In The News
EIT Climate-KIC supported Climetrics announces top ten European equity funds f...

Climetrics, the world’s first and only independent climate rating...

EIT Climate-KIC supported Climetrics announces top ten European equity funds for climate performance
In The News
EIT Climate-KIC supported WINnERS secures over €1.5 million in funding

WINnERS, an agricultural supply chain de-risking service supported by...

EIT Climate-KIC supported WINnERS secures over €1.5 million in funding
In our community
Interview with Marian-Constantin Vasile, Trainer, EIT Climate-KIC
Interview with Marian-Constantin Vasile, Trainer, EIT Climate-KIC
In our community
Interview with Piotr Magnuszewski, Programme Leader, Centre for Systems Solu...
Travis Hendrix tbd
Interview with Piotr Magnuszewski, Programme Leader, Centre for Systems Solutions
Opinion
How the climate community breeds its own inaction
Dominic Hofstetter EIT Climate-KIC
How the climate community breeds its own inaction
Innovation Spotlight
Not your ordinary reusable bag: Plant trees & earn discounts while you s...

Remember a time when you’d carry your purchases home in a plastic bag? Neither can we. That’s...

Not your ordinary reusable bag: Plant trees & earn discounts while you shop with goodbag
In our community
Interview with Mike Asquith, Project Manager – Integrated Environmental As...
Interview with Mike Asquith, Project Manager – Integrated Environmental Assessment, European Environmental Agency
In The News
EIT Climate-KIC launches strategy for 2019-2022

EIT Climate-KIC, innovation community established and funded by the...

EIT Climate-KIC launches strategy for 2019-2022
Opinion
A systemic approach to innovation in land use and nature-based solutions
Daniel Zimmer Director Sustainable Land Use at EIT Climate-KIC
A systemic approach to innovation in land use and nature-based solutions
Opinion
How moderation could accelerate climate action
Dominic Hofstetter EIT Climate-KIC
How moderation could accelerate climate action
In The News
Close the circularity gap to avert catastrophic climate change, Davos told tod...

A new report by Circle Economy, supported by EIT...

Close the circularity gap to avert catastrophic climate change, Davos told today
In our community
Interview with Mia Dragovic Matosovic, Scientific Researcher, Institute for ...
Interview with Mia Dragovic Matosovic, Scientific Researcher, Institute for European Energy and Climate Policy
In our community
Interview with Charlotte Breen, from C40’s Business & Innovation Team
Interview with Charlotte Breen, from C40’s Business & Innovation Team
In The News
EU group invites feedback on sustainable finance definition

The Technical Expert Group on Sustainable Finance (TEG) set...

EU group invites feedback on sustainable finance definition
In Detail
Municipality-led circular economy case studies from EIT Climate-KIC and part...

How can cities create prosperity for expanding populations whilst transitioning through systematic change to low-carbon economies? How can cities achieve continued prosperity whilst preserving...

Municipality-led circular economy case studies from EIT Climate-KIC and partners
In Detail
Transformative change through innovation: An analysis of the role of innovat...

One of the areas with significant potential to reduce carbon emissions is the energy sector, including the transition away from coal. It is, and...

Transformative change through innovation: An analysis of the role of innovation in five transition regions
In The News
COP24 report: The vital role of land use in climate mitigation

With the carbon costs of travel in mind, key...

COP24 report: The vital role of land use in climate mitigation
In The News
COP24: Distributed ledger technology could help enact Paris Agreement

With the carbon costs of travel in mind, key...

COP24: Distributed ledger technology could help enact Paris Agreement
Opinion
System innovation is needed to help regions shift to a low-carbon economy
System innovation is needed to help regions shift to a low-carbon economy
In The News
COP24: Social innovation to drive just transition of coal regions

With the carbon costs of travel in mind, key...

COP24: Social innovation to drive just transition of coal regions
In Detail
DLT for climate action assessment

DOWNLOAD THE REPORT Over the past decade, we’ve witnessed a myriad of milestones that have put the vision of a prosperous, climate-resilient society on...

DLT for climate action assessment
In The News
EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES

EIT Climate-KIC’s ConnectedClusters project—which aims to accelerate innovation clusters...

EIT Climate-KIC’s ConnectedClusters launches at EUROCITIES
Opinion
St. Patrick is on a Mission – #MissionFinance 1.5 C
Sandra Vlašić, Partnerships, Resources and Stories Terra Hub
St. Patrick is on a Mission – #MissionFinance 1.5 C
In our community
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
EIT Climate-KIC to showcase its top 30 cleantech startups during Slush 2018
In The News
How to unlock the finance needed for integrated landscape approaches

Why integrated landscape approaches matter and how to unlock...

How to unlock the finance needed for integrated landscape approaches
In The News
Regional Innovation Scheme start-ups showcase cleantech achievements supported...

Last month (October 2018) in Vienna, Austria, 32 start-ups...

Regional Innovation Scheme start-ups showcase cleantech achievements supported by EIT Climate-KIC
In The News
City Finance Lab explores new advisory services to catalyse investment in sust...

With the carbon costs of travel in mind, Climate...

City Finance Lab explores new advisory services to catalyse investment in sustainable cities
In The News
EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emis...

As an active member of the community working to...

EIT Climate-KIC responds to consultation on Long-Term Strategy for EU GHG emissions reduction
Opinion
Distributed ledger technologies are here to stay
Dr. Harald Rauter Regional Innovation Lead, Climate-KIC
Distributed ledger technologies are here to stay
In The News
Search for 100 1.5C-compatible investments launched

The EU-backed Mission Innovation initiative has launched a framework...

Search for 100 1.5C-compatible investments launched