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The world is facing a climate emergency with an irreversible impact on natural systems, as a consequence of sustaining our growing demands. Entering 2021, when the world continues to be confronted with the pandemic that has been wreaking havoc over the lives of people, deepening inequalities, disrupting the supply chain and whatnot – ultimately playing a part in undoing the progress that the world have had achieved on the sustainable development goals.
Therefore, having suffered from such times, the need for collaborative efforts of all the stakeholders in order to ‘build a coalition for carbon neutrality’ has increased for achieving an equitable and sustainable world.
After completing five years into the adoption of the Paris Agreement, it has been observed that the private sector has a vital role to play. More and more businesses are raising ambition in alignment with climate science and prioritizing climate action.
To lead the way for climate change, it has become imperative for businesses to demonstrate that their business practices are on a reliable path to net-zero emissions. And, to reach the goals set by Sustainable Development Goals and the Paris Agreement, along with reducing global emissions by 2030, we require Government and corporate leaders and stakeholders everywhere across the world to work together, thus, accelerating climate action.
However, despite several pledges from thousands of organizations worldwide and the Paris Agreement, the world is still on track to experience an increased global temperature which might exceeding the 1.5 °C thresholds.
This is why it is important to have a robust climate action platform that will bring together strategy development supported by implementation guidance and assessment tools, supporting large and small companies to ensure their success in addressing climate action targets and sustainability globally.
Here, a collaborative and robust climate action platform would prove to be of great support for businesses and primary stakeholders achieving climate resilience and mitigation. Moreover, the major focus of climate action platform will be driving climate ambition and building on past under the pathways to low-carbon and robust development and business ambition for the climate.
The climate action platform will help build alliances of leading companies that commit to strengthening corporate goals and offering effective support to climate action targets and the Paris Agreement.
The leading guidance and tools of climate action platforms will help close the gap between the current status in regard to climate change actions and what is required to achieve in order to limit global temperature to 1.5 °C.
The climate action platform will help grow business ambition for a 1.5 °C target. It will also recognise the companies committed to achieving ambitious climate action targets.
Despite efforts, there remains a large gap between action and ambition. Climate action platform will synergize the collaborative and coordinate efforts to fill this gap. This will enable stakeholders to set, measure and achieve innovative strategies while impacting the bottom line positively.
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