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 selects five partners in Global South to implement gender main...

The intersection of climate and innovation remains a male-dominated...

EIT Climate-KIC selects five partners in Global South to implement gender mainstreaming into entrepreneurship
In The News
Citizens inspire a car-free Leuven

A broad survey, possible solutions displayed on screens, inspirational...

Citizens inspire a car-free Leuven
In The News
EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 

Climate-focused start-up teams in developing countries face distinct challenges...

EIT Climate-KIC accelerates climate tech solutions for a net-zero Africa 
In The News
New European Bauhaus Hackathons will reward most innovative solutions

EIT Community New European Bauhaus partners will be hosting...

New European Bauhaus Hackathons will reward most innovative solutions
In The News
Slovenia takes a pivotal turn towards circularity

Slovenia has decided to actively combat climate change by...

Slovenia takes a pivotal turn towards circularity
In The News
Innovative climate projects part of EIT Community New European Bauhaus initiat...

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

Innovative climate projects part of EIT Community New European Bauhaus initiative
In The News
A new air and climate plan for Milan

The City Council of Milan approved the Air and...

A new air and climate plan for Milan
In The News
Meet the three EIT Climate-KIC innovators nominated for EIT Awards

Three innovators from EIT Climate-KIC’s community have been nominated...

Meet the three EIT Climate-KIC innovators nominated for EIT Awards
In The News
100 European cities take up the challenge to become carbon neutral by 2030

On Monday 13 June, the representatives of the 100...

100 European cities take up the challenge to become carbon neutral by 2030
In The News
The role of cities and regions in transforming wood value chains

Climate smart forest economies It’s a crucial decade for...

The role of cities and regions in transforming wood value chains
In The News
Glasgow City Region pioneering forest economy innovation to drive climate acti...

Scotland’s largest city region is actively tackling climate change...

Glasgow City Region pioneering forest economy innovation to drive climate action
In The News
Forging sustainable timber construction in Europe

EIT Climate-KIC and Built by Nature, announce an initiative...

Forging sustainable timber construction in Europe
In The News
EIT Climate-KIC launches new Circularity Thinking training programme

EIT Climate-KIC is launching Circularity Thinking courses to tackle...

EIT Climate-KIC launches new Circularity Thinking training programme
In The News
EIT Climate-KIC announces four winners of EIT Community Booster

EIT Climate-KIC selected four cleantech start-ups to be part...

EIT Climate-KIC announces four winners of EIT Community Booster
In The News
Science reveals last paths to stop irreversible planetary damage

Climate change is going to get worse, but curbing global warming is...

Science reveals last paths to stop irreversible planetary damage
In The News
EIT Community presents New European Bauhaus Ideation Awards winners

Supported by the EIT Community, the New European Bauhaus...

EIT Community presents New European Bauhaus Ideation Awards winners
In The News
EIT Climate-KIC joins forces with the Government of Ireland to stimulate clima...

The Ministry of Agriculture, Food and the Marine of...

EIT Climate-KIC joins forces with the Government of Ireland to stimulate climate innovation in the agri-food sector
In The News
Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambit...

Climate Lab in Vienna will give climate actors an...

Climate Lab: EIT Climate-KIC co-initiates hotspot for Vienna’s climate ambitions
In The News
Seven takeaways from the latest IPCC report

On 28 February, the IPCC Sixth Assessment Report (AR6)...

Seven takeaways from the latest IPCC report
In The News
EIT launches new Global Outreach website

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

EIT launches new Global Outreach website
In The News
EIT Climate-KIC and Amazon launch call for sustainable start-ups

Working on transformative, systemic innovation to accelerate a net-zero...

EIT Climate-KIC and Amazon launch call for sustainable start-ups
In The News
Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Awar...

Do you want to support innovative solutions that integrate...

Votes open for the 2021 New European Bauhaus Ideation Awards – Audience Award
In The News
Brill Power’s new innovation radically increases battery life and storag...

Brill Power, supported by EIT Climate-KIC, has launched the...

Brill Power’s new innovation radically increases battery life and storage capacity
In The News
EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk

EIT Climate-KIC CEO Dr. Kirsten Dunlop delivered a talk,...

EIT Climate-KIC CEO Dr. Kirsten Dunlop gives TEDx Talk
In The News
Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek mar...

To tackle complex climate challenges, we need a broader...

Putting theory into practice: EIT Climate-KIC Pioneer innovating the Greek maritime sector
In The News
EIT launches call for proposals to boost innovation in Higher Education Instit...

Unlocking the potential of higher education institutions for innovation...

EIT launches call for proposals to boost innovation in Higher Education Institutions
In The News
The Dolomites forging climate resilience

The Italian Dolomites, a UNESCO World Heritage Site, are...

The Dolomites forging climate resilience
In The News
People-powered resilience: Andalusia announces new climate action plan

The region’s climate action plan has been announced, with...

People-powered resilience: Andalusia announces new climate action plan
In The News
Built by Nature: new initiative to accelerate the transition to sustainable co...

The built environment accounts for close to 40 per...

Built by Nature: new initiative to accelerate the transition to sustainable construction in cities
In The News
The State of California and EIT Climate-KIC advance partnership for climate in...

Glasgow, 8 November – The California Governor’s Office of...

The State of California and EIT Climate-KIC advance partnership for climate innovation