Working together to build a better economy

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1 Working together to build a better economy MAY 20-21, 2015 PARIS UNESCO Headquarters BUSINESSCLIMATESUMMIT.COM

2 200 days before the UN Climate Change Conference in Paris, the May Business & Climate Summit provides a unique forum for business and government leaders to demonstrate bold action, adopt forward-looking strategies, and call for ambitious policies that will allow us to scale up #BusinessClimate LOCATION & TRAVEL DETAILS LOCATION: UNESCO Headquarters, 125 avenue Suffren, Paris TRANSPORT: MÉTRO LINE: 10 Ségur // Line 6 Cambronne // Lines La Motte Picquet Grenelle HOTEL: Don t forget to book your hotel room at TAXI : G7 : 3607 // VTC green : B U S I N E S S C L I M AT E S U M M I T.CO M / I N F O S A BUSINESS INITIATIVE FOR THE CLIMATE An invitation by: We can create lasting economic growth while also tackling the immense risks of climate change. 1 That s what a growing number of economists tell us, that s what many businesses are already experiencing. The low-carbon transition can create challenges for several industrial sectors, but a majority of businesses will be winners through early action towards a low-carbon economy. We businesses have a major role to play facing the climate challenge. Many companies have been reducing greenhouse gas emissions and adapting to climate change. Solutions are diverse, from technologies to lifestyle changes. Transforming the energy systems is critical: new energy sources, new technologies, energy efficiency, smart grids, research and development, etc. Building climate smart cities and using land wisely are further areas for action. This must go faster to keep global warming below 2 C. JEAN-PASCAL TRICOIRE Chairman, Global Compact France (CEO, Schneider Electric) Responding to the UN Secretary General s call for the private sector to take an active role, leaders of major businesses from around the world will gather in the Business & Climate Summit in Paris, on May to exchange with policy makers on the best ways to deploy low-carbon solutions at the right scale and pace. Can we business leaders support the objective to bring down emissions on a trajectory that leaves more than 50% chances to stay under the +2 C limit? Could policy-makers commit to that same goal? How do we make it? Which path is realistic? Business needs a long-term and predictable policy in order to invest in new tools and products. Can we agree on pricing carbon? A price tag on carbon emissions changes investors choices and consumers behaviour. Sweden has shown the way on diffuse emissions. China, Europe, and many others have started carbon markets. Can we agree on flexibility mechanisms like improving the CDM to allow win-win carbon-neutral solutions for business and developing countries? The Climate Group is hosting the first ever Climate Week Paris from May 18-24, during the most important year for climate action in history. Through key events including the Business & Climate Summit, we are bringing the world s leading companies and policymakers together to show climate action makes good business sense and to explore how we can accelerate the transition. Can we imagine worldwide frameworks for these market-based tools, at least in the sectors where competition is global? Can we agree altogether? Debates should be heated, conclusions decisive if currently uncertain. The diversity and strength of the partners supporting the Summit already indicates an appetite for success and a push forward for climate action. Climate Week Paris will include sessions for corporate and government leaders, a climate science briefing for business, Climate Finance Day - and its cornerstone event, the Business & Climate Summit. Hoping to confirm that we can build together a low-carbon society, prosperous and safer for all, we invite the global business community to participate. Join business, finance and government leaders in Paris during the most important year for climate action in history. The Business & Climate Summit will be the cornerstone event of the Climate Week Paris from May 18 to Calderon Report, Better growth, better climate, 2014 #CWP PIERRE-ANDRÉ DE CHALENDAR Chairman, Entreprises Pour L Environnement (CEO, Saint-Gobain) To Register and Participate: #BusinessClimate

3 PROGRAMME OVERVIEW To catalyse: A gathering for business leadership on climate action. A common business understanding of the solutions to climate change. A sharing of opportunities and stories of what is possible now and how much more we need to do together. A broader base of business calling for climate action for economic global prosperity. A speeding up of actions to the unprecedented technology challenge. A forward momentum to business initiatives focused on Paris and beyond. Day 1: May 20 Main deliverables from global business: Global decarbonisation is compatible with development and economic prosperity and is doable and affordable. VISION OF A LOW-CARBON SOCIETY Business solutions for a low-carbon economy Clarity on the importance and type of global target to redirect business strategies towards low carbon. Business consensus around the role of pricing carbon and exploring options for implementation. Options to improve business interactions with governments on climate change to unleash the full potential of global business // THEMATIC SESSIONS Transforming the economy As shown by many current business initiatives and analysed in the report Better Growth, Better Climate, there is a tremendous potential for reducing greenhouse gas emissions (GHGs) in cities, energy, and land use. What are the key solutions? What policies can unleash their accelerated deployment? TS1 Energy Achieving global net-zero emissions within the century while respecting the trillion tons carbon budget requires a deep transformation of the energy, industry, forestry, and agricultural systems. In the case of energy, it will lead to a low-carbon electricity world which involves three main levers: energy efficiency, increasing the share of renewables, CO 2 - free generation in the energy mix by including carbon capture and storage on the remaining fossil fuels and even on biomass. TS2 Cities (Transport, mobility, housing, and energy efficiency in buildings) // PLENARY ROOM Plenary 2: Becoming a low-carbon society Achieving our goal of a world with no more than 2 C global warming is an unprecedented challenge for business and society. According to the IPCC, this will require a 50-80% reduction of global GHGs by 2050, with a peaking of emissions in Before the end of the century, we need to be at net-zero carbon emissions. Business and society will need to be participants // LOBBY Welcome lunch // PLENARY ROOM Opening plenary: Imagining new approaches for the climate There is overwhelming agreement on climate change and the need for action is reinforced by recent scientific reports. A critical concern for business is that substantial reductions in emissions would require large changes in investment patterns. 1 With a view towards the future, many business leaders have implemented ambitious climate actions for pragmatic business reasons. But, more leaders can do more. Early actions by more businesses and incentives to innovation are a critical first stage. 1 IPCC, Volume 3 Business can make a difference but not alone. Business actions on climate need to be scaled up and accelerated and here there is an indispensable role for governments to steer the global economy on a trajectory towards keeping global warming below +2 C. How can we make climate action attractive? What is the vision of business and government as they view the future? How can governments and business best work together towards a common vision and unleash their combined forces? KEYNOTE PRESENTATIONS: Paris the way forward on climate change and the role of business Our vision and how to realise it // LOBBY Coffee break Cities hold the key to immediate, meaningful progress on climate. Urbanisation is one of the defining features of our 21st century world, as cities hold an ever-growing share of the world population. This session will explore some of the most exciting developments in infrastructure, transportation and mobility, technology, and policymaking, showing how cities are enabling both rising living standards and rapid decarbonisation. TS3 Food, forest, and agriculture Rapid global population growth, urbanisation, rising incomes, and resource constraints are putting enormous pressure on land and water resources used by agriculture and forests crucial to food security and livelihoods and increasing the demand for energy and material use. This session is aimed at discussing key developments from both governments and the private sector to tackle the most relevant issues. Specific sectors are at the forefront of this challenge. Many are already leaders on climate and have experiences to share and inspire others. Anticipating the transition can help the most vulnerable sectors and communities be winners rather than losers. More action is critical immediately, particularly in the energy, transport, and forest and agriculture sectors. These changes are complex, sometimes painful, and need to be synergetic. What have we learned from the first innovators? What is the role of a long-term target and how should the target be formulated to influence business strategies? Is it sufficient for immediate reductions? How can governments catalyse this initiative? // COCKTAIL RECEPTION

4 Day 2: May 21 REALISING THE LOW-CARBON VISION Accelerating the solutions roll out // LOBBY Morning coffee // PLENARY ROOM Plenary 3: Using carbon pricing to integrate climate in the global economy Reducing GHG emissions means changing the ways we use, make, and source energy. It means changing the way we price GHG emissions not as a free commodity but as a product, such as garbage and wastewater, with costs to pay for their treatment and to incentivise a reduction in their production. Each country s circumstances and priorities will guide the various instruments and ways to price GHGs, such as domestic emissions trading systems, carbon taxes, and/or payments for emission reductions. Pricing carbon is not sufficient on its own to change the world economy but it is a tool which individual countries can implement to begin the transformation towards national goals. How is carbon pricing best enacted for various sectors and regions? How do we deal with competitiveness in the face of different country approaches? How can the revenue streams generated by these pricing mechanisms provide positive feedback? Are there international measures which can promote the most efficient way to lowcarbon growth? // LOBBY Coffee break // THEMATIC SESSIONS Changing to a low-carbon society Business is taking action and has identified some areas where policies could accelerate the changes in lifestyles and the development and deployment of new technologies leading to low-carbon societies. Low-carbon production and consumption includes the circular economy, energy efficiency in overall economic systems, and new consumption patterns. Innovation will be critical and needs increased R&D efforts and actions to speed deployment by building supportive, enabling environments. Building capacity and resilience: however fast we reduce emissions, we need to adapt and become more resilient. Policies can help building capacity so that development is both resilient and lowemissions. TS4 Low-carbon production and consumption Participants will discuss the role of companies and governments in shifting societal consumption patterns to foster the use of resource-efficient products, as well as the role of regulation and standards in providing the platform to stimulate lowcarbon production and consumption. The session will highlight the impact of voluntary actions to decouple production and consumption of goods from GHG emissions. TS5 Innovation for a low-carbon world It is clear that solutions exist today to reduce greenhouse gas emissions (GHG) globally, but in order to reach the scale of change necessary for net-zero emissions many more process, product, and system innovations must be found. Identifying, developing, and financing the most promising fields of innovation to reduce GHG emissions is a topic for public-private cooperation in research, development, and deployment and a catalyst for new co-creation and low-carbon technology diffusion to developing countries. In order to catalyse systems and technology innovation, new partnerships should be explored across the business value chain, between government and business, and among investors and innovators. TS6 Building capacity and resilience Effects of climate change are already visible and having an impact all around the world. Adaptation has started but needs more attention while building resilience to climate change should be mainstreamed into all activities. Adaptation and climate resilience are both location sensitive and dependent on sharing of data and experiences and will need to happen even with aggressive mitigation strategies. Companies are already facing the risks and consequences of climate change through their supply chains and are implementing new approaches. Many countries are very vulnerable to climate change and its indirect consequences. Insurance companies are at the forefront of these challenges and feeling the heat. What have we learned and how can the international agreement make a difference? What new approaches can help build resilience? How can business, governments (local as well as national) and citizens build capacities to address climate change hand-inhand with development? // PLENARY ROOM Plenary 4: Stimulating low-carbon investment Addressing the challenges of climate change will require a redirection and mobilisation of traditional investment flows. Estimates indicate that 10-12% more investment in the energy sector and energy efficiency are required over what would be anticipated. Innovative mechanisms to leverage public finance and to use finance effectively in all economic sectors in developed and developing countries will be critical. A smooth transition to reduce macroeconomic shocks will require attention. Climate risks inherent in traditional investment structures and the management of potentially stranded assets need to be considered. Scaling up of investment in low-carbon technologies in developing countries is critical and should allow them to leapfrog towards a climate-friendly development which should become the new norm. How can the climate agenda be incorporated into an agenda for global economic growth? Are there models for this? What is the role of investment into infrastructure? How can more funds be mobilised for low-carbon growth? // PLENARY ROOM Plenary 5: Building together the Paris climate alliance Business is changing. A common understanding of the risks of climate change is beginning to change traditional business strategies and investment patterns. Business has solutions, will have more, and is ready to scale them up. For this, business needs policies and is ready to work with governments to help design policies that will do the job while keeping up with development. This needs to start now and to continue after Paris. Paris must be the turning point and business is willing to work for this. Messages from business will be delivered and debated, with a view to feed continuous dialogue with policymakers until COP21 and after.

5 CORE PARTNERS SUMMIT PARTNERS SUPPORTING PARTNERS HOST PARTNERS To Register and Participate: #BusinessClimate

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