Originally published on World Economic Forum
This letter is being released ahead of COP28 by the World Economic Forum on behalf of the Alliance of CEO Climate Leaders.
NORTHAMPTON, MA / ACCESSWIRE / November 15, 2023 / Limiting the average global temperature increase to 1.5°C is at risk of slipping out of reach unless there is a rapid increase in public-private collaboration and action to accelerate emission reductions across global value chains. Our alliance members have made individual emission reduction targets amounting to an estimated 1.0 Gt CO2e by 2030 - as sustained human action to eliminate greenhouse gas emissions has the potential to alter society's course on climate. However, success is dependent on government support to overcome the following challenges:
- Complex and lengthy regulatory and administrative processes that slow the development of renewable energy projects and hinder the uptake of green and enabling solutions;
- Lack of suitable grid infrastructure with power networks unprepared to adequately integrate an increasing share of renewable energy;
- Technological constraints that delay efforts to scale up manufacturing capacity of early-stage decarbonization solutions;
- Limited harmonization and interoperability between reporting standards that diverge across sectors and jurisdictions.
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Spokesperson: SAP
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SOURCE: SAP
View source version on accesswire.com:https://www.accesswire.com/803740/alliance-of-ceo-climate-leaders-share-open-letter-to-world-leaders-for-cop28
