Today, CDP and The Climate Group released a report showing that over 170 major companies, states, regions and cities around the world have committed to reducing their greenhouse gas (GHG) emissions by 80-100%, or procuring 100% of their power from renewable sources.
Bringing together information from several trusted sources, the findings demonstrate a trend toward increasingly ambitious climate action on the part of “non-state” actors (i.e. non-national governments), in the lead up to the Paris Climate Conference later this year.
Evan Juska, Head of Policy for The Climate Group, North America said: “What surprised us was the diversity of companies and sub-national governments setting ambitious climate targets. They differ in location, size, energy use, and ideology. But they share a belief that reducing emissions makes sense for both customers and constituents.”
The report also explores what motivates these leaders to be bold in addressing climate change, when so many national governments remain hesitant. While their reasons vary, “efficiency,” “competitiveness” and “values” were frequently mentioned drivers.
Lance Pierce, President, CDP North America said: “Managing environmental risk is fundamental to a company’s or city’s competitive advantage. Consumer and investor demand for bold climate action is rapidly rising, and those who lag behind risk losing market share. The achievements of the companies, cities, states and regions in this report, with their impressive targets on GHG reduction and renewable energy, encourage hope for a vigorous yet sustainable low carbon future.”
The commitments included in the report are just the tip of the iceberg. The UNFCCC’s Non-State Actor Zone for Climate Action (NAZCA) now includes nearly 4,000 climate commitments by “non-state actors” – from states and regions pledging to end forest loss by 2030, to companies adopting an internal price on carbon and setting targets in line with climate science.