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
Helsinki launches Climate Watch to track city’s emission reductions

The City of Helsinki recently launched the ‘Climate Watch’,...

Helsinki launches Climate Watch to track city’s emission reductions
In The News
First European cluster accelerator programme launched in Frankfurt

How to take clusters to the next level and...

First European cluster accelerator programme launched in Frankfurt
Innovation Spotlight
Ioncell’s fiber innovation could help drive the circular economy transitio...

The textile, garment and fashion industries generate tonnes of pollution each year and recycle very little, which...

Ioncell’s fiber innovation could help drive the circular economy transition
Opinion
The challenge of redesigning venture capital
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
The challenge of redesigning venture capital
In Detail
Clean and Healthy Construction

Insights from the C40 World Mayors Summit in Copenhagen: Master Class and Market Dialogue for Clean and Healthy Construction. Why clean construction? Kevin Austin,...

Clean and Healthy Construction
Opinion
If we have figured out transformation, why is the world still in such a mess?
Susannah Fisher Research, EIT-Climate-KIC
If we have figured out transformation, why is the world still in such a mess?
Opinion
The tyranny of categorisation
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
The tyranny of categorisation
Opinion
EIT Climate-KIC strengthens biodiversity through systems change
Felicity Spors Head of International Affairs, EIT Climate-KIC
EIT Climate-KIC strengthens biodiversity through systems change
Opinion
Why our cities must act as beacons for ambitious climate action
Tom Mitchell Chief Strategy Officer, EIT Climate-KIC
Why our cities must act as beacons for ambitious climate action
In The News
Biggest-ever global hackathon to tackle climate breakdown

Over 100 Climathon events around the world turn grassroots...

Biggest-ever global hackathon to tackle climate breakdown
In The News
Global call for transformative solutions to tackle the climate emergency

EIT Climate-KIC launches Climathon Global Awards and Healthy, Clean...

Global call for transformative solutions to tackle the climate emergency
In The News
EIT Climate-KIC supported crop insurance project acquired by world’s largest...

The insurance sector is well aware of the rising...

EIT Climate-KIC supported crop insurance project acquired by world’s largest re-insurer
In The News
EIT Climate-KIC innovators celebrated at 2019 EIT Awards

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

EIT Climate-KIC innovators celebrated at 2019 EIT Awards
Opinion
Part three: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part three: Climate action #NotinNewYork
In Detail
New EIT Climate-KIC supported report finds digital technologies can vastly a...

As part of the UN Climate Action Summit, the Global Enabling Sustainability Initiative (GeSI) and Deloitte launched a report today, supported by EIT Climate-KIC,...

New EIT Climate-KIC supported report finds digital technologies can vastly accelerate the SDGs
Opinion
Part two: Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Part two: Climate action #NotinNewYork
Opinion
Climate action #NotinNewYork
Andy Kerr Director, UK & Ireland, EIT Climate-KIC
Climate action #NotinNewYork
In The News
Circular Cars Initiative launched at United Nations Climate Action Summit

On the occasion of the United Nations Climate Action...

Circular Cars Initiative launched at United Nations Climate Action Summit
In The News
We’re closing for business in solidarity with #ClimateStrike

EIT Climate-KIC will close this Friday 20 September, the...

We’re closing for business in solidarity with #ClimateStrike
In The News
Open Innovation Call targeting air quality and urban heat island effect launch...

The City of Copenhagen’s department Resilient and Sustainable City Solutions within...

Open Innovation Call targeting air quality and urban heat island effect launched
In The News
EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment

The Berlin-based start-up Zolar raises a 10 million EUR...

EIT Climate-KIC cleantech start-up ZOLAR attracts 10 Million Euro Investment
In The News
Breaking down barriers to climate-finance: the City Finance Lab launches secon...

Competition for the five most innovative financing solutions for...

Breaking down barriers to climate-finance: the City Finance Lab launches second call for proposals
Opinion
Innovating in complexity: Systemic investing
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Innovating in complexity: Systemic investing
In The News
Climathon onboard ‘Sail to the COP’

On 2 October, 36 young climate change agents will...

Climathon onboard ‘Sail to the COP’
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