Companies should pay attention to what is hapening in Paris

M

ost companies pay little attention to the complex processes going on within the UN climate negotiations.

There are, however, good reasons why companies should follow the Paris process, write Maarten Neelis and Rolf de Vos of energy consultancy Ecofys, and especially the “intended nationally determined contributions” (INDCs).

 

These provide companies with vital information on how climate policies will develop in different countries and what opportunities there may be in new markets in the low-carbon sector.

Gradually, the intended nationally determined contributions (INDCs) to the overarching climate agreement to be concluded in Paris later this year are starting to come in. The Climate Action Tracker  largely confirms what could be expected: the INDCs differ widely in many respects.

They differ in scope, from a mitigation focus only, to a focus on adaptation as well. They differ in ambition, from well-defined with transparent absolute targets to much more loosely defined. They differ in terms of the policies proposed, from carbon pricing referred to as the backbone of climate change, to no policies at all.

Read the EnergyPost story - “Four reasons for business tofollow the Paris process”.