COP 28 Agenda — Phase Down Of Fossil Fuel Inevitable & Essential

COP 28 Agenda — Phase Down Of Fossil Fuel Inevitable & Essential

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COP 28 Agenda — Phase Down Of Fossil Fuel Inevitable & Essential

COP 28 Agenda should encompass a Phase Down of Fossil Fuel that is, at this stage, an Inevitable & Essential step towards a more healthy future because, as we all know, Fossil Fuel ‘Addiction’ Is Sabotaging Every Sustainable Development Goal.

Here is how  in CleanTechnica sees it.

When COP 28 kicks off in Dubai on November 30, it may be the world’s last real chance to tackle the challenge of an overheating planet finally.

The COP 28 Climate Summit is scheduled for November 2023 in Dubai. The president of the conference is Sultan Al Jaber, who just happens to be the head of Adnoc, the national oil company of the United Arab Emirates, of which Dubai is a part.

“Wait!’” we hear you cry. “At a time when the need for urgent climate action is apparent — the heat index in the Middle East on July 18 reached 152 degrees F (67 degrees C) — the next head of a critical climate conference will be an oil executive? Is this a joke?” The answer is yes, that is exactly what is happening here, and no, it is not a joke.

 

 

The backlash against Al Jaber has been strong. The optics of this situation are just all wrong. What were the people who made this decision thinking? But before you turn away in disgust, give a listen to what Al Jaber told The Guardian recently:

“Phasing down fossil fuels is inevitable and it is essential — it’s going to happen. What I’m trying to say is you can’t unplug the world from the current energy system before you build the new energy system. It’s a transition — transitions don’t happen overnight, transition takes time.”

Al Jaber started the storm of criticism shortly after he was named to head the conference when he said the world’s emphasis should be on lowering fossil fuel emissions instead of a phaseout of fossil fuels themselves, which is a key demand of more than 80 countries.

Al Jaber told The Guardian he welcomed the scrutiny. “When we signed up to the hosting of COP 28, we knew exactly what we were signing up to. I don’t think there has ever been a country that has hosted the COP that did not get this type of pressure or heat from activists and media, so that’s part of the game. The scrutiny sometimes also makes us dig deeper into issues, understand better, analyse more to draw better conclusions. Never have I said that I have all the solutions, or I have all the answers.”

Last week, Al Jaber met with representatives from 40 nations to lay out his specific proposals for COP 28, which fell into four main topic areas.

COP 28 & The 1.5°C Goal

The Paris agreement required countries to hold global temperature rises “well below 2°C” above pre-industrial levels, while “pursuing efforts” to stay within 1.5°C. At COP 26 in 2021, world governments agreed to focus on the more stringent goal of 1.5°C. Since then, some governments have tried to refocus the discussion on 2°C, but Al Jaber has made it clear from the outset that his plan is based on the tougher goal. “This plan is guided by a single north star, and that is keeping 1.5°C within reach,” he told the assembled ministers and government officials.

Kate Hampton, chief executive of the Children’s Investment Fund Foundation, who contributed to the COP 28 plan, said,  “The commitment to 1.5°C is particularly important. The presidency has recognized it is time to accelerate the essential and inevitable end for fossil fuels. The challenge now for the presidency is to ensure delivery across a comprehensive agenda, which can only be achieved with a transformational plan for mobilizing finance.”

National Plans

At COP 28, governments will conduct for the first time a “global stocktake” that will set out the progress countries have made on the emissions reduction commitments — known as “nationally determined contributions” or NDCs — they made in Paris.

The stocktake is certain to find that the world is way off track to meet its Paris goals, but the COP presidency has decided against naming and shaming individual countries. Instead, all countries will be required to submit updated NDCs in September that are sufficiently tough to meet the 1.5°C goal. In line with that requirement, the UAE itself has submitted a revision to its NDC that contains emissions reductions of 40% compared with a business-as-usual approach.

Phase Out Or Phase Down?

Al Jaber emphasized that this effort would entail “the phase down of fossil fuels,” which he said was “inevitable and essential.” The wording is significant. He was heavily criticized two months ago for repeatedly referring to the “phase out of fossil fuel emissions,” which observers took to mean that oil and gas companies could carry on extracting fossil fuels as long as the resulting carbon dioxide was somehow captured. But scientists have warned against using carbon capture and storage technology as a “free lunch” to excuse continued extraction.

Nevertheless, the “phase down” language will disappoint the more than 80 countries that want COP 28 to pass a commitment to phasing out fossil fuels entirely.

Clean Energy

Commitments to double energy efficiency, triple renewable energy capacity to 11,000 GW globally, and double hydrogen production to 180 million tons a year by 2030 will be put to governments at COP 28, where they are expected to be agreed to.

COP 28 & Reality

Romain Ioualalen, global policy lead at Oil Change International, told The Guardian, “Recent history has shown that more renewable energy does not automatically translate into less fossil fuels. COP 28 will only be a success if its presidency sets aside the interests of the oil and gas industry and facilitates a clear outcome on the need for a decline of all fossil fuel production and use, as well as a rapid phase-in of wind and solar. The only way we’ll build a new energy system that is both clean and fair is by actively phasing out the old.”

Al Jaber wants to formulate a plan to get the world’s biggest oil and gas producers to reduce their greenhouse gas emissions in line with the 1.5°C target — this at a time when those companies are fleeing any promises made previously as they go panting after more and bigger profits from selling their climate-killing products.

 

 

To activate his plan, he intends to bring fossil fuel executives to COP 28, despite the objections of many climate advocates who well remember that there were more fossil fuel advocates in Egypt last year for COP 27 than government representatives. The Guardian says if Al Jaber can get the companies to address their duty to the environment, “it would be an astonishing step forward for climate action.”

When Al Jaber first spoke to oil and gas companies earlier this year, he focused on what they could do to make their operations less carbon intensive by improving their extraction efficiency and plugging leaks of methane. These are known as scope 1 emissions, because they are fully under a company’s control. But critics pointed out that approach ignored scope 3 emissions, which are by far the greatest impact of fossil fuels. Those are the emissions created when oil or methane is burned by customers.

Last Thursday, Al Jaber adjusted his message in response to that criticism. “Let us end the reductive discussion of scope 1 v scope 2 v scope 3. We need to attack all emissions, everywhere — one, two, and three.” That is a huge victory for climate activists.

Who Will Pay?

Talk is cheap. It is “put up or shut up” time for fossil fuel companies. Their argument is that the transition to renewables and a phaseout of fossil fuels will be too costly, but that fails to take into account the direct and indirect cost of a warming planet. By some accounts, fossil fuel interests get the benefit of nearly $7.5 trillion in direct and indirect subsidies every year. No less a personage than Elon Musk says it will cost $100 trillion to transition to a zero-carbon economy, but sticking with a business-as-usual approach will cost far more — $130 trillion.

Al Jaber called for “a comprehensive transformation” of the World Bank and other international finance institutions, and for private sector funding to be brought in. He wants to make sure that a commitment by rich countries to provide $100 billion a year to poor nations is finally fulfilled. He also repeated the demand from UN Secretary General António Guterres for a doubling of finance for developing countries to adapt to climate impacts.

The Takeaway

COP 27 last year was an unmitigated disaster where oil companies got everything they wanted. Climate advocates are right to be concerned that this year’s conclave will be another debacle. But … Al Jaber is making the right noises. He is talking the talk. Now it remains to be seen whether he can walk the walk. The world has run out of chances to get this right.

Featured image by Kyle Field | CleanTechnica

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Renewables growth did not dent fossil fuel dominance

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Renewables growth did not dent fossil fuel dominance in 2022, report says

LONDON, June 26 () – Global energy demand rose 1% last year and record renewables growth did nothing to shift the dominance of fossil fuels, which still accounted for 82% of supply, the industry’s Statistical Review of World Energy report said on Monday.

Last year was marked by turmoil in the energy markets after Russia’s invasion of Ukraine, which helped to boost gas and coal prices to record levels in Europe and Asia.

“Despite further strong growth in wind and solar in the power sector, overall global energy-related greenhouse gas emissions increased again,” said the president of the UK-based global industry body Energy Institute, Juliet Davenport.

“We are still heading in the opposite direction to that required by the Paris Agreement.”

The annual report, a benchmark for the industry, was published for the first time by the Energy Institute together with consultancies KPMG and Kearny after they took it over from BP (BP.L), which had authored the report since the 1950s.

Scientists say the world needs to cut greenhouse gas emissions by around 43% by 2030 from 2019 levels to have any hope of meeting the international Paris Agreement goal of keeping warming well below 2C above pre-industrial levels.

Here are some highlights from the report on 2022:

CONSUMPTION

  • Global primary energy demand grew around 1%, slowing from the previous year’s 5.5%, but demand was still around 3% above pre-coronavirus levels in 2019.
  • Energy consumption grew everywhere apart from Europe, including Eastern Europe.
  • Renewables, excluding hydropower, accounted for 7.5% of global energy consumption, around 1% higher than the previous year.
  • The share of fossil fuels in global energy consumption remained at 82%.
  • Electricity generation was up 2.3%, slowing down from the previous year. Wind and solar power grew to a record share of 12% of power generation, again surpassing nuclear, which fell 4.4%, and meeting 84% of net electricity demand growth.
  • Coal’s share in power generation remained dominant at around 35.4%.
  • Oil consumption increased by 2.9 million barrels per day (bpd) to 97.3 million bpd, with growth slowing compared with the previous year.
  • Compared with pre-Covid levels in 2019, oil consumption was 0.7% lower.
  • Most oil demand growth came from revived appetite for jet fuel and diesel-related products.
  • Oil production grew by 3.8 million bpd, with the lion’s share coming from OPEC members and the United States. Nigeria saw the largest decline.
  • Oil refining capacity grew by 534,000 bpd, mainly in non-OECD countries.

NATURAL GAS

  • Amid record prices in Europe and Asia, global gas demand fell 3% but still made up 24% of primary energy consumption, slightly below the previous year.
  • Gas production was stable year-on-year.
  • Liquefied natural gas (LNG) production was up 5% at 542 billion cubic metres (bcm), a similar pace to the previous year, with most growth coming from North America and the Asia-Pacific region.
  • Europe accounted for much of LNG demand growth, increasing its imports by 57%, while countries in the Asia-Pacific region and South and Central America reduced purchases.
  • Japan replaced China as the world’s largest LNG importer.

COAL

  • Coal prices hit record levels, rising 145% in Europe and 45% in Japan.
  • Coal consumption rose 0.6%, its highest level since 2014, driven mainly by Chinese and Indian demand, while consumption in North America and Europe declined.
  • Coal output was 7% higher than the previous year, with China, India and Indonesia accounting for most of the growth.

RENEWABLES

  • Growth in renewable power, excluding hydro-power, slowed down slightly to 14% but solar and wind capacity still showed a record increase of 266 gigawatts, with solar taking the lion’s share.
  • China added the most solar and wind power.

EMISSIONS

  • Global energy-related emissions, including industrial processes and flaring, were up 0.8% reaching a new high of 39.3 billion tonnes of CO2 equivalent.
  • MINERALS
  • Lithium carbonate prices jumped 335%. Cobalt prices were up 24%.
  • Lithium and cobalt production rose 21%.
Reporting by Shadia Nasralla; editing by Philippa Fletcher

 

Oil leaves invisible footprint on Gulf’s non-oil economies

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Touted progress in diversifying Gulf economies beyond the fossil fuel rent comes with a caveat. Oil and gas revenues indirectly propel large chunks of the non-oil economy through public expenditures such as wages, subsidies and infrastructure spending.
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The International Monetary Fund (IMF) expects the non-oil segment of Gulf economies to grow 45% faster than the overall gross domestic product (GDP) this year, which includes the oil and gas sector. The figure is in line with the 2000-2019 average trend.

This follows a unique situation in 2022 when the Gulf’s overall gross domestic product expanded 57% faster than the non-oil segment after oil prices surged to their highest levels since 2008 as Western sanctions against Russia threatened to disrupt global oil supply. Even so, the World Bank noted in a May 2023 report that Gulf economies’ “stellar growth” last year “was not just a result of buoyant hydrocarbon prices but also continued growth of non-oil economies.”

“Hopefully by 2030, I wouldn’t care if the oil price is zero”, Saudi Arabia’s finance minister Mohammed Al Jadaan told CNN in 2017. But the prospect of decoupling the Gulf’s overall economy from its main export commodity in the near future has long been exaggerated.

“It is a mixed picture,” said Justin Alexander, director of Khalij Economics, a consulting firm. “Looking at just non-oil GDP figures is misleading.” Parts of the economy, he said, “are basically the result of the recycling of oil revenues through government spending rather than independent value creation.” Since oil revenues still account for about two-thirds of Saudi Arabia’s government revenue, the kingdom remains a petrostate.

Oil is sticky 

Across Gulf economies, most economic developments are directly or indirectly driven by government spending, according to Jalal Qanas, an assistant professor in economics at Qatar University. The share of Gulf countries’ GDP from government expenditure has been trending up since the 2007-09 global financial crisis. In 2021, IMF data showed that it ranged from 29% in the UAE to 52% in Kuwait.

The fossil fuel rent’s invisible footprint runs deep into Gulf’s non-oil economy, from grocery shopping, entertainment activities, cab rides, and cars paid with public sector wages to flats bought with subsidized housing loans and wedding ceremonies funded by marriage grants. Alexander called it “complicated interlinkages” between Gulf’s economies and governments. Yet, non-oil economies are the cornerstone of everyday life in the Gulf region, a major source of employment and social interactions.

In Qatar, the government has wound down its public spending frenzy estimated at $300 billion ahead of the FIFA World Cup 2022. “Once you turn off the tap, will the private sector survive?” Qanas asked. “We need to wait at least one to two years to see how the country’s private sector will behave with less government spending”

Saudi Arabia launched the $1.3 trillion Shareek initiative in 2021 to push companies to invest domestically, particularly in the non-oil economy. But there is a catch: two of the initiative’s largest contributors are the kingdom’s top fossil fuel giants, national oil company Saudi Aramco and petrochemical firm SABIC.

Also, the private sector has done a poor job so far of converting the Gulf’s fossil fuel rent into economic sectors that can stand on their own. Corporate performance in Gulf economies, although it varies between countries and industries, is deteriorating. Profitability of the median firm in the region plummeted from 15.2% in 2007 to 4.1% in 2021, the IMF found.

Dubai has “set an example” 

A notable exception is Dubai, where oil output peaked in 1991. The emirate’s oil sector slipped from about half of the local economy 50 years ago to only 1% of pre-pandemic GDP as the sheikhdom, one of the seven that form the UAE, built the Gulf’s first post-oil economy. In the third quarter of 2022, wholesale, retail trade, real estate, construction, manufacturing, and financial and insurance activities accounted for 60% of its GDP. The emirate’s push to become a global hub decouples its economy further from the region’s oil boom and bust cycles.

Tourism and real estate insulate Dubai’s economy from the wider Gulf. Seven out of ten tourists who visited Dubai in the first quarter of 2023 did not come from the Middle East, while top non-resident buyers of real estate in Dubai in 2022 were Russian, British, Indian, German, and French citizens.

Dubai may be the first, but it will not be the last Gulf post-oil economy. Omani luxury fragrance brand Amouage sells its perfume in more than 80 countries, Bahrain is a fintech hub for the Middle East, Qatar makes its mark in global sporting events, and Muslim pilgrims from all over the world flock to Saudi Arabia’s Mecca.

“Dubai has set an example for the region, and now Gulf countries are all trying, I would not say to copy, but to learn from what Dubai did,” Qanas said.

 

Read more on Al-Monitor : https://www.al-monitor.com/originals/2023/05/oil-leaves-invisible-footprint-gulfs-non-oil-economies#ixzz85AYUK0ty

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Accelerating low-carbon building design & development

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Accelerating low-carbon building design & development is the leitmotiv of American design practice as envisaged by SOM.  This article on and by Sustainability elaborates on how this is attained.

The image above is for illustration and is featured in SOM Proposing A Design For A Building That Absorbs Carbon Throughout Its Life Cycle.

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SOM: Accelerating low-carbon building design & development

Skidmore, Owings & Merrill (SOM) launches the Whole Life Carbon Accounting service to help accelerate low-carbon building design & development

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Skidmore, Owings & Merrill (SOM), a worldwide alliance of architects, designers, engineers and planners, has introduced a new service aimed at accelerating the implementation of low-carbon and net-zero buildings.

The initiative, named Whole Life Carbon Accounting, is a system used to assess and measure the operational and embodied carbon emissions of a building throughout its entire lifespan.

When the system is incorporated during the design phase, it offers a precise picture of the proposed building’s carbon footprint, enabling investors, property owners and developers to make well-informed decisions. By evaluating a building’s performance after completion, the service enables owners to monitor progress and achieve their long-term sustainability goals.

“The greatest opportunity to work towards a more sustainable future is to invest in new climate action measures,” said Kent Jackson, SOM Design Partner. “We are proud to extend our long and proven history of working with public bodies, property owners and developers to help lead the way for a low-carbon built environment. We look forward to bringing our skills and expertise to bear on the critical issue of a reduced carbon future.”

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The shift towards whole-life carbon

Accounting for approximately 40% of carbon emissions worldwide, the built environment has long prioritised the reduction of operational energy and its carbon emissions. However, there has been a significant shift in focus towards whole-life carbon, changing the way buildings are designed, constructed and renovated.

Embodied carbon – the carbon impact associated with a building’s initial construction – cannot be rectified later, whereas operational energy and associated carbon emissions can be improved to a certain extent once a building is in use.

“The built environment urgently needs new approaches to performing carbon assessments. Innovation is driven by a diversity of ideas and voices,” says Mina Hasman, SOM Sustainability Director. “Evidence shows that as a project develops and design strategies evolve, the gaps between traditional assessments and a building’s true performance can lead to a performance gap of up to five times more energy use and/or carbon emissions between predicted and actual values.

“Our service puts an end to this. As regulators and investors evaluate new and existing assets more closely, we provide clients with practical strategies to help inform their investment, development and management activities.”

Applying SOM’s interdisciplinary approach, the firm’s sustainability team analyse and measure operational and embodied carbon emissions across every stage of a project. Clients can therefore gain an understanding of a building’s true carbon impact and the ability to translate carbon targets into measurable performance outcomes.

Carbon assessments are typically performed at the end of design stages by different parties and to different standards. This can result in isolated calculations which are not comparable and cannot effectively illustrate a building’s accurate performance.

The gaps between the projected performance of a design and actual building performance widen as projects develop and designs evolve. Consequently, calculations can constitute as little as 20% of actual carbon emissions. This can affect a building’s value and viability in the long term.

SOM Whole Life Carbon Accounting

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The LEED Platinum Billie Jean King Main Library

The holistic approach has led to internationally-acclaimed projects, including the LEED Platinum Billie Jean King Main Library, completed in California in 2019.

The building is one of few in the region that features a lightweight timber structural system, to build the library atop an existing underground concrete parking garage. It was also named 2021 Project of the Year by the US Green Building Council and was the winner of the Metropolis Magazine Planet Positive award.

Additionally, SOM achieved a remarkable 61% reduction in embodied carbon compared to a typical concrete building, by preserving most of the original concrete structure.

SOM’s Whole Life Carbon Accounting has resulted in the internationally acclaimed Billie Jean King Main Library, Credit, Benny Chan

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About SOM

Skidmore, Owings & Merrill (SOM) is a global practice of architects, designers, engineers, and planners, responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces.

From a strategic regional plan to a single piece of furniture, SOM’s designs anticipate change in how we live, work and communicate, and have brought lasting value to communities worldwide.

The firm’s approach is highly collaborative, and its interdisciplinary team is engaged in a wide range of international projects, with creative studios based across the globe. SOM is a net zero emissions business.

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Building nature positive into the energy transition

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Published by wbcsd on 2 June 2023 and written by: Pete Jones, Manager, Nature, Diana Ferrari, Manager, Energy & Mariana Heinrich, Director, Energy, this following insightful view of our world of today appears to be a soft-spoken description of the diverse but global and uniform maltreatment of our mother nature.
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Nature is the backbone of the world economy. Industries from agriculture to energy impact and depend on the natural world to thrive. Global populations and economies continue to grow, as do their demands on nature and natural resources. Future resilience and prosperity demand that these needs are managed sustainably.

Wildlife populations have decreased by 70% in the last 50 years,1 which puts multiple ecosystems at risk of collapse. The energy sector accounts for 10% of the pressures causing biodiversity loss,2 with oil & gas and utilities having a particularly high impact, largely due to pollution, greenhouse gas emissions and impacts on species and their habitats. Even renewable electricity technologies can have unintended effects on nature. For example, the total amount of land and sea area required to generate the world’s renewable energy requirements is circa 1 million km2, equivalent to almost twice the size of France.2 Any development close to this figure will result in the loss of natural habitats and undermine nature’s resilience to climate change effects. Therefore, we need a holistic framework as part of the global energy transition to address these impacts and, simultaneously, realize opportunities for nature restoration.

The good news is that in December 2022, the Kunming-Montreal Global Biodiversity Framework was adopted, providing the ambitious global aim of halting and reversing biodiversity loss by 2030. While delivering the targets set out in the Global Biodiversity Framework will be a shared task between governments, businesses, financial institutions and civil society, we need more investment, particularly from the private sector, to scale up efforts. This insights piece describes what businesses can do now to take action as required by the Global Biodiversity Framework.

At WBCSD, we are helping companies navigate and manage their nature-positive journeys by providing guidance for consistent and credible business actions, including for specific value chains. Our Roadmaps to Nature Positive are mapping the key nature impacts and dependencies and are identifying priority actions across three high-impact global value chains: land-based (Food & Agriculture and Forest), built environment, as well as energy. This is aligned with broader efforts to map sector transitions to nature-positive in collaboration with Business for Nature and the World Economic Forum.

Our team will lead a workshop at the Reuters Global Energy Transitionin New York on 7 and 8 June. Learn more about what we will cover at the bottom of this blog!

Nature Positive Roadmap for the Energy System

The Nature Positive Roadmap for the Energy System will provide tools and guidance for companies to implement nature-positive transition plans using the globally agreed high-level actions for nature: ACT-D, i.e., Assess, Commit, Transform and Disclose. In addition, it will support companies in setting science-based targets for nature (in line with the Science Based Target Network (SBTN)) and applying the Taskforce for Nature-Related Financial Disclosures (TNFD) framework to nature disclosures.

Emerging insights so far include that:

  • The energy system will play a key role in contributing to the Global Goal for Nature: it has broad and significant impacts on nature, including water use, air pollution and emissions, land intake, habitat fragmentation and disturbances during construction and operation. But it also has massive potential to drive nature-positive change within its value chain and beyond as an essential component of the supply chains of almost all public and private entities, as well as final customers.
  • It is key to consider trade-offs between impacts on nature, climate and people: especially in the energy system, climate impacts have been at the forefront of company actions so far, but the increasing momentum around nature offers an opportunity to rebalance and consider the overall implications for all three topics.
  • We need deep collaboration along the entire value chain to be able to implement impactful transformative actions at a global scale. To enable this collaboration, transparency is required on KPIs, baselines, disclosure and targets so that these can be embedded into each step of the value chain. New metrics are needed for that, and developing and testing these new metrics will take time, as will building partnerships within the value chain that catalyze nature-positive innovation.

TNFD pilot project with WBCSD members

Alongside the roadmap development, six WBCSD member companies have been involved in our TNFD energy system pilot, testing its draft version and providing feedback to the TNFD as well as on the Nature Positive Roadmap.

Key findings to date:

  • The piloting companies already have policies and processes in place to manage and monitor impacts, risks and opportunities associated with nature. Most of them focus on addressing their own impacts, e.g., through converting habitat, using water or via emissions. Some pilot companies are already applying concepts such as “net-positive impact” or “net gain” to individual projects, particularly for biodiversity.
  • To capture the wider nature-positive agenda beyond biodiversity, pilot companies are now undertaking gap analyses between their existing commitments, practices and management tools and what working toward nature-positive requires. Such analysis is necessary to integrate nature-positive aligned approaches more explicitly into strategic business planning and management processes, as well as identify any capacity/skills needed to implement them.
  • New for many companies is the need for a deeper focus on nature impacts and dependencies arising in upstream activities and, for some companies, in their products sold downstream. One possible approach explored during the pilot is to do an initial, qualitative assessment to prioritize those business units for a more detailed assessment.

What’s next?

The overall work on the Roadmap for the Energy System will continue through 2023 and most of 2024, releasing outputs for companies to use along the way – the first ones in Q3 2023.  WBCSD is also setting up an SBTN Preparer Group and scoping a TNFD Preparer Forum. These will help companies to get ready to set science-based targets for nature and TNFD-aligned disclosures.

Join us at the Reuters Global Energy Transition Conference for a deep dive into energy and biodiversity

Our team will be leading a workshop at the Reuters Global Energy Transition 2023As one of Reuters’ flagship events, the conference will gather 750+ executives in New York on 7-8 June to shape and deliver the energy systems of the future. At our workshop, the attendees and us will share advice on how to accelerate nature-positive action via three focused break-out groups:

  • How to apply the 2022 Global Biodiversity Framework (GBF) to your business – what targets and metrics are needed?
  • How to implement the TNFD to help your business – how to integrate biodiversity into enterprise strategy and risk management processes?
  • How to take Nature Positive action on the ground – what actions are other companies already taking to reverse impacts and restore biodiversity?

The purpose of the workshop will be to provide attendees with ideas and examples of approaches already used, or proposed, to address the questions above. Attendees will leave the workshop better equipped to drive nature action within their businesses.

Mariana Heinrich (WBCSD Director, Energy Pathway), Pete Jones (WBCSD Manager, Nature and secondee from ERM) and Margaret O’Gorman (President, Wildlife Habitat Council) will run the workshop. We hope to see you there! Register here to attend.

For more information on how to get involved in our energy and nature work, please contact: pete.jones@wbcsd.org or heinrich@wbcsd.org.

 

[1] WWF Living Planet Report 2022 https://wwflpr.awsassets.panda.org/downloads/lpr_2022_full_report.pdf

[2] Impacts of Green New Deal Energy Plans on Grid Stability, Costs, Jobs, Health, and Climate in 143 Countries – ScienceDirect

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