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
Research reveals surprising link between socio-economic indicators and sustain...

A new study by EIT Climate-KIC partner academic institutions...

Research reveals surprising link between socio-economic indicators and sustainability transition
Opinion
Transformation capital: A new investment logic for catalysing systems change
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Transformation capital: A new investment logic for catalysing systems change
Opinion
Innovating in complexity: From single-point solutions to directional systems innovation
Dominic Hofstetter TRANSFORMATION CAPITAL, EIT CLIMATE-KIC
Innovating in complexity: From single-point solutions to directional systems innovation
In The News
Four EIT Climate-KIC innovators nominated for annual EIT Awards

The European Institute of Innovation and Technology (EIT) has released...

Four EIT Climate-KIC innovators nominated for annual EIT Awards
In Detail
Report offers recommendations for development of agricultural impact tool

A new report supported by EIT Climate-KIC’s CSA Booster programme proposes technical, governance and business arrangements for the development of a new tool for...

Report offers recommendations for development of agricultural impact tool
In Detail
Food value chains strategy report offers recommendations based on systemic i...

A new report details the work of EIT Climate-KIC and its partner Metabolic, a consulting company using systems thinking to tackle major sustainability challenges,...

Food value chains strategy report offers recommendations based on systemic impact
In The News
EIT Climate-KIC supports digital roadmap for a circular economy

EIT Climate-KIC, along with several European stakeholders, is advocating...

EIT Climate-KIC supports digital roadmap for a circular economy
In The News
EIT Climate-KIC urges London to lead in turning climate emergency into action

Climate innovation agency EIT Climate-KIC welcomed today the first...

EIT Climate-KIC urges London to lead in turning climate emergency into action
Opinion
London Climate Action Week: Climate Innovation Insights
London Climate Action Week: Climate Innovation Insights
Opinion
How can we deliver a net-zero emissions UK?
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
How can we deliver a net-zero emissions UK?
Opinion
Can we identify the tipping points for transformative climate action?
Susannah Fisher Strategic Research Lead, EIT Climate-KIC
Can we identify the tipping points for transformative climate action?
In The News
Study launched on decarbonising Europe’s heavy industries by 2050

Industry representatives, regional experts, academics and EU officials held...

Study launched on decarbonising Europe’s heavy industries by 2050
In our community
Interview with Yvon Slingenberg of DG Climate Action, European Commission
Interview with Yvon Slingenberg of DG Climate Action, European Commission
In Detail
Evaluating the benefits of improved cooking solutions: impact data in high r...

Gold Standard today released a research study by Vivid Economics that estimates the economic value of Gold Standard-certified project benefits related to climate, health,...

Evaluating the benefits of improved cooking solutions: impact data in high resolution
In The News
New EIT Climate-KIC supported report proposes basis for a future EU taxonomy i...

The European Commission has welcomed the publication of the...

New EIT Climate-KIC supported report proposes basis for a future EU taxonomy in legislation
In The News
WCEF 2019: The challenges and potentials of circular procurement in cities

Increasing population growth and urbanisation intensifies the pressure on...

WCEF 2019: The challenges and potentials of circular procurement in cities
In The News
First round of 15 winners of Reinventing Cities competition announced

C40 Cities and EIT Climate-KIC have announced 15 winners...

First round of 15 winners of Reinventing Cities competition announced
In The News
Lisbon’s City Finance Lab-backed green participatory budget awarded €5 mil...

Lisbon City Council’s first-ever ‘green’ participatory budget, an initiative...

Lisbon’s City Finance Lab-backed green participatory budget awarded €5 million for next cycle
In The News
WCEF 2019: ‘The circular economy in cities’

EIT Climate-KIC CEO Kirsten Dunlop emphasised the importance of...

WCEF 2019: ‘The circular economy in cities’
In Detail
New Report on Circular Procurement in public construction projects shows how...

Public procurement affects a substantial share of world trade, amounting to more than €1.3 trillion per year. In the EU, the public purchase of...

New Report on Circular Procurement in public construction projects shows how targeted action can drive system-level impact
In The News
EIT Climate-KIC at World Circular Economy Forum 2019

EIT Climate-KIC is playing a prominent role at the...

EIT Climate-KIC at World Circular Economy Forum 2019
In The News
17 EIT Climate-KIC solutions included in MI 100 Global High Impact listing

13 EIT Climate-KIC Accelerator start-ups and four EIT Climate-KIC...

17 EIT Climate-KIC solutions included in MI 100 Global High Impact listing
In The News
EIT Climate-KIC’s global cleantech competition ClimateLaunchpad is open ...

EIT Climate-KIC’s ClimateLaunchpad, the world’s largest green business ideas...

EIT Climate-KIC’s global cleantech competition ClimateLaunchpad is open for registration
Opinion
Transformation Capital: A new investment logic for catalysing systems change
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Transformation Capital: A new investment logic for catalysing systems change
In The News
EIT Climate-KIC supported SkyNRG develops Europe’s first sustainable jet...

SkyNRG announced plans to develop Europe's first sustainable aviation...

EIT Climate-KIC supported SkyNRG develops Europe’s first sustainable jet fuel production plant
Opinion
Collaboration is hard!
Ulrike Linnig Innovation Lead, DACH, EIT Climate-KIC
Collaboration is hard!
In The News
EIT Climate-KIC supported report shows how to reduce industrial CO2 emissions

A new joint report, published by RWTH Aachen University...

EIT Climate-KIC supported report shows how to reduce industrial CO2 emissions
In The News
London event showcases innovation behind new investor climate tool

Yesterday’s event, titled “Applying Climate Risk Data to Investment...

London event showcases innovation behind new investor climate tool
In our community
Interview with Francisco de la Torre, Mayor of Malaga, Spain
Interview with Francisco de la Torre, Mayor of Malaga, Spain
Opinion
Adapting to climate change in Europe: Building a systemic and urgent vision
Susannah Fisher, EIT Climate-KIC and Andrew Norton, IIED
Adapting to climate change in Europe: Building a systemic and urgent vision