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No global agreement? Keep moving forward

KeyelementsoftheAccord

· Limit dangerous global temperature change increases to below two degrees Celsius.

· Stabilize and then reduce GHG emissions.

· Tackle forestry-related GHG emissions, which currently account for approximately 18% of global GHG emissions.⁴

· Invest in climate change mitigation and adaptation. Developed countries have pledged fast-start funding of “approaching US $30 billion” for developing countries from 2010 to 2012 and a target of US $100 billion a year by 2020.

· Launch a technology development and transfer mechanism that focuses on national circumstances and priorities.

Timeline of key international climate change treaties

No global agreement? Keep moving forward

With or without a binding global agreement, organizations need to keep driving forward. They need to meet national and regional legislation. They also need to consider the ever-increasing demands of shareholders, investors and other stakeholders, including customers. In an already complex and uncertain environment, organizations need to stay focused and act now.

There will be both risks and opportunities. Organizationswillneedto:

· Use well-executed plans to gain competitive advantage, like investing in cleantech.

· Take advantage of available tax incentives, grants and stimulus packages.

· Be aware of increased risks as the harmonization of conflicting reporting standards takes longer than desired; implement systems to track the patchwork of requirements.

· Prepare for potential litigation that may arise from increased regulations, policy and laws around climate change at regional and national levels.

· Remain focused on current regulations, as well as future national, regional and global energy and climate change regulations.

· Execute a low-carbon strategy that optimizes opportunities and mitigates risks of new regulations. Effortswillneedtofocuson:

o Developing a strategy that delivers sustainable business in the long term

o Identifying and building efficiencies into the entire value chain

o Managing sustainable supply chains by taking steps to realize operational efficiencies

o Innovating to meet increasing consumer demand for products and services with a lower impact on climate change