The contribution of the private sector in climate protection will play a central role in whether we can still avert the climate crisis on time. On the one hand, this involves ambitious climate protection concepts by companies, and on the other hand it involves supporting sustainable development in the Global South that benefit people who are most vulnerable to the effects of climate change.
In addition, the business case for climate action is clear. There is growing consumer demand from manufacturers to clearly reflect climate protection and high sustainability standards in their products and services and increasing prospects of government regulation. Even more, should our global society fail to achieve the goals of the Paris Agreement, business will suffer. To respond to these challenges, the industry has to drive innovation and make major adjustments to its supply chain and production methods.
In many cases, new processes are designed to be climate-friendly, however, some emissions in the value chain cannot currently be completely avoided. Carbon offsetting offers the opportunity to support further climate action beyond the value chain, while bringing sustainable development benefits to the countries where the emission reduction projects are located and that benefit people who are most vulnerable to the effects of climate change.
Miguel Naranjo Gonzalez, UNFCCC
Dr. Stefan Grimm, NOVENTI Health SE
Neera van der Geest, FairClimateFund
Martin Schüller, Fairtrade Germany
Jasmeet Singh, FairClimateFund India
Dr. Olivia Henke, Executive Board Member, Foundation Development and Climate Alliance
Stockholm+50 will commemorate the 1972 United Nations Conference on the Environment and celebrate 50 years of global environmental action. By recognizing the importance of multilateralism in tackling the Earth’s triple planetary crisis – climate, nature, and pollution – the event aims to act as a springboard accelerate the implementation of the UN Decade of Action to deliver the Sustainable Development Goals, including the 2030 Agenda, Paris Agreement on climate change, the post-2020 global Biodiversity Framework, and encourage the adoption of green post-COVID-19 recovery plans.
Further information about the event: https://www.stockholm50.global/
The associated event is limited to 200 participants.