Climate & Energy

Briefing

1 April 2019

Climate & Energy is one of six programs at WBCSD

Our science-based

approach and targeted

projects aim to scale up

business impact, enabling

companies to be better

placed to unlock market

opportunities, consolidate

an enduring license to

operate and better

manage risks.

We enable business contributions to the Sustainable Development Goals through the transformation of six economic systems.

Framework for our Climate & Energy work

Our vision is to create a world where more than nine billion people are all living well and within the boundaries of ourplanet, by 2050.

Our mission is to accelerate the transition to a sustainable world by making more sustainable business more successful.

Our WBCSD objective is to fulfil the Sustainable Development Goals (SDGs).

The Paris Agreement states: “Keep global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius”

Our C&E objective is to fulfil the aims of the Paris Agreement.

Our Climate & Energy Strategy

CLIMATE LEADERS

1. Innovation: We engage companies on ambition and implementation across all sectors with

a high quality portfolio of projects and value-adding activities.

2. Collaboration: Business, government and civil society see WBCSD as a clear enabling

force behind private sector collaboration to accelerate the transformation to a net zero

emissions economy.

3. Valuation: Our advocacy will help give policymakers the confidence to ramp up the ambition

of climate policies and accelerate their implementation.

Climate Policy REscale

Transforming

Heavy TransportNatural Climate Solutions

Climate & Energy projects

New Energy Solutions

SBT4utilities

Climate & Energy: Team

Maria Mendiluce

Managing Director

Mariana Heinrich

Manager,

Climate & Energy

Karl Vella

Manager,

Climate Policy

Veronika Neumeier

Associate,

Climate Policy & Grants

Secondments

Lucy Hunt

Associate,

Renewable Energy

Luca De Giovanetti

Manager,

Science Based Targets

Michael Ofosuhene

Associate,

Climate Policy

Juliet Taylor

Manager,

Communications

Peter Beare

Associate, Natural

Climate Solutions

Andrew Richards

Director, Climate & Energy

Christopher Conifer

Manager, Natural

Climate Solutions

Priorities in 2019

A new global climate target of 1.5°C - increasing ambitions and resilience

Accelerate energy system

transformation

Scale natural climate

solutions

Review freight work

Climate policy• UN SG Climate Summit: Raising

ambitions• COP 25: Article 6

1 2 3 4

Project highlights

Natural Climate Solutions

Scale Natural Climate Solutions (NCS) by helping

unlock private capital through carbon investments.

Value

Impact

Voice

Platform to call for action, e.g. our short film “The Natural Solution” won the Judge’s Award at the 2018 the Global Sustainability Film Awards

Cross sector collaboration to drive increased awareness and recognition of NCS offsetting by external stakeholders

Companies and conservation NGOs coming together in a shared narrative, setting the level of ambition and providing the business case for investment

Value

Impact

Voice

REscale

Renewable energy is reliable and

competitive and we believe that 3.5 TW of

capacity can be deployed before 2025.

Value

Impact

Voice

Enables 63 companies from across the renewable value chain to share insights to navigate markets

From 2008 to 2017, 22% of corporate renewable PPAs were signed by a WBCSD member

Engaged over 200 companies and materials downloaded over 20,000 times in 90 countries

SBT4utilities (Science-based targets for utilities)

ValueUtilities have a stronger

understanding of science-based

targets and develop methods for

setting Scope 3 emissions targets

ImpactEngagement with peers and

the guidance document will

enable utilities to set ambitious

emission reduction targets

VoiceUtilities exchange

experiences and create a

common voice in external

engagement

Helping electric utilities set science-based targets, in particular addressing Scope 3

emission targets

Transforming Heavy TransportUnify business in the transition to sustainable

transport by accelerating emission reductions

across freight and logistic operations

Value

Impact

VoiceStrengthening the industry’s voice in shaping and increasing ambition on freight

Logistic companies, government and academic institutions are aligning to develop national decarbonization strategies for freight

Local implementation of the best options to lower CO2 emissions and air pollutants from logistics operations

Value

Impact

Voice

New Energy SolutionsIncrease deployment and use of low-carbon energy solutions to decarbonize power,

heating, cooling and transport

ValueOur guidelines provide practical

advice on how companies can

decarbonize their energy

consumption, and our business

cases help companies assess

new energy solutions

ImpactCollaboration across the value

chain facilitates development of

new business models and

financing options

VoiceThe project is a platform for

companies to exchange ideas

and voice their collective

viewpoints

How to find out more?

Natural Climate Solutions

Wednesday09:00 – 10:30

Join the C&E sessions on Wednesday

REscaleWednesday

14:30 – 16:00

Adaptation & ResilienceMonday

14:30 – 16:00

SBT4utilitiesWednesday

11:00 – 13:00

New Energy Solutions

Wednesday 16:30 – 18:30SDG

Roadmap for Utility

Sector

Climate Policy Briefing1 April 2019

Climate Action & Policy

A look back at 2018

• COP24 – Key outcomes and engagement

• Talanoa Dialogue

• Global Climate Action Summit

• Regional Climate Weeks

2019 – “The year of Ambition”

• Key Moments

• Thematic focus

WBCSD Climate Policy Strategy 2019

• Strategic focus 2019

• Opprtunities for engagement

Session outline

The voice of business on Climate Policy

AmbitionWork with partners and members to disseminate credible, representative, and influential messaging to target

audiences with a focus on LCTPi

The WBCSD Climate Policy Working Group is made up of over 90 companies who meet regularly to shape key

messages, share insights and plan events to bring a strong voice of business to climate events.

Key activities• Coordinating business participation in key global and regional

events

• Amplifying key messages on climate policy, influencing other

organisations and key stakeholders

• Collecting intelligence on multilateral processes and initiatives

Strategic Partners: UNFCCC, MPGCA, WMB

WBCSD Climate Policy Team

Karl Vella

Manager, Climate Policy

vella@wbcsd.org

Veronika Neumeier

Associate, Climate Policy

neumeier@wbcsd.org

Michael Ofosuhene-Wise

Associate, Climate Policy

ofosuhene@wbcsd.org

A look back at 2018

IPCC 1.5°C

Special Report

Talanoa Dialogue

GCAS

The main aim of GCAS was to showcase the work

of local governments and non-state actors in

pursuing the fight against climate change.

The IPCC Special Report on Global Warming of

1.5°C highlighted the urgency of climate action,

including raising ambition in NDCs, and stress need to invest in all options for mitigation action.

Talanoa Dialogue process was requested by Parties to

take stock of collective efforts on progress towards the

long-term goal of the Paris Agreement; and to inform the

preparation of enhanced NDCs.

Climate in 2018: What happened?

COP24 and the

Paris Rulebook

The main outcome from COP24 was the achievement of

the set of guidelines for the implementation of the Paris

Agreement – the Paris Rulebook. Parties agreed on a

Rulebook, which however does not include the rules

governing Article 6 of the Paris Agreement.

A look back at COP24

WBCSD had a strong presence at COP24

WBCSD Key Asks: It’s time to go further, faster

Raised Ambition Clear Rules Strong Enablers

1. Business leadership on climate evidenced by the LCTPi

progress report

2. Business to government policy dialogues through

leadership in Marrakech Partnership

3. Strong and relevant policy asks from business to negotiators

Key outcomes from COP24

Paris Rulebook – an important step forward to operationalize

the Paris Agreement through improved rules on monitoring,

reporting and verification of emissions by all countries

Transparency framework establishing a common system for

all countries, with a stringent inbuilt “flexibility” system for

developing countries

No decision on Article 6 which covers the rules around

cooperative approaches such as carbon markets and trading

(decision deferred to 2019)

IPCC report on 1.5°C – weak language which does not

“welcome” the report, only its “timely completion”

Ambition – the final decision lacks a clear call for countries to

start domestic processes to revise their national commitments

WBCSD led the Industry Action theme at COP24Marrakech Partnership for Global Climate Action

Low-Emissions Solutions Conference (LESC) Events

Talanoa Dialogue 2019 - Our engagement

Talanoa Group Participants

Talanoa Groups at COP24 11 December 2018

• Talanoa Submissions• Talanoa Groups• Talanoa Blogs

• Talanoa Videos• Events

Telling the story of business climate action

GCAS – Bringing a strong voice of business action San Francisco, California (September 2018)

Aim

Showcase the action of local governments

and non-state actors, including cities,

business, civil society, in pursuing the

fight against climate change.

Latin America & Caribbean Climate Week

20-23 August 2018, Montevideo, Uruguay

Regional Climate Weeks 2018

Asia-Pacific Regional Climate Week

10-13 July 2018, Singapore

Focus on regional implementation

Members’ Experience 2018

WBCSD LD Meeting

Montreux

Miguel Ángel Muñoz Rodriguez

Head of Climate Policies

Iberdrola

The global climate agenda in 2018 & reflections on climate policy leadership

Iberdrola contributed to Talanoa Dialogue with an ambitious approach

Long-term climate strategies, consistent with the Paris Agreement’s goals:

• Legally binding targets to be reached by 2030 and 2050.• Transparent and inclusive process ...• Regular assessments with upwards revisions.• Wide approach to tackle all sectors of the economy.• Recognition of the role of public-private partnerships.• Recognition of climate change as a risk for the economy.• Robust governance framework.

Robust climate policy frameworks to ensure effective implementation of the long-term climate strategy.

• A thorough diagnosis that recognizes fossil fuel as the main cause of climate change and acknowledges the role of electrification.

• Crosscutting policies such as: taxation based on the “polluter pays principle”…

• Sectoral plans and measures to address barriers to decarbonisation.

Stringent implementation guidelines for the Paris Agreement at COP 24 that send clear signals to investors.

https://unfccc.int/documents/65018

Position presented in all the events regarding Talanoa’ s Dialogue: Bonn (May 2018),

Brussels (June 2018), San Francisco (September 2018) and Katowice (December 2018)

Iberdrola’s presence at COP 24

• Official patron at COP 24.

• Iberdrola’s participation in some of the most important in events:

• UNFCCC, World Business Council for Sustainable Development, IRENA, Eurochambres, BC3, Corporate Leaders Group,…

• Ministerial Roundtables of Talaona Dialogue (political phase).

• Moving for Climate NOW 4th edition: strong institutional support (ONU; Moncloa), about 40 important institutions represented, strong media repercussion…

• Assessment on negotiations results (UN Global Compact, Economics for Energy, Club Español de la Energía, …).

Member Engagement 2018Discussion Points

• What were the highlights of private sector

engagement on climate action in 2018?

• Which areas of engagement were most useful

for your work?

• Other comments and feedback?

2019 “The Year of Ambition”

Climate Policy Landscape 2019 and beyond

Ambition to• …update national climate plans (NDCs and long-term strategies) by 2020• …prepare for the full implementation of the Paris Agreement• …support developing countries and the most vulnerable

→ Towards achieving the 1.5C temperature goal

How?

“Inclusive multilaterlism”

The Era of Ambition

18-22

Mar

Africa Climate WeekAccra, Ghana

25-27

Aug

G7 SummitBiarritz, France

23

Sept

UNSG Climate SummitNew York, USA

1-4

Apr

WBCSD LD MeetingMontreux, Switzerland

2-6

Sept

14-17

Oct

Asia-Pacific Climate WeekChina (TBC)

WBCSD Council MeetingLisbon, Portugal

35

Key Dates 2019 - “The Year of Ambition”

28-29

Jun

G20 SummitOsaka, Japan

19-23

Aug

Latin America & Caribbean Climate WeekSalvador de Bahia, Brazil

2-13

Dec

COP 25Santiago, Chile

2019 “The Year of Ambition”WBCSD Strategy & Priorities

Key Focus Areas

Ambition – The road to 2020

WBCSD’s main policy messages should support the need

for greater ambition need to limit global warming to well-

below 2°C, with 1.5°C as the new North Star. Drawing from

the clear warning signal from the 2018 IPCC report, we will

continue to stress the urgency with which countries should

raise climate ambitions.

We will highlight the importance for countries to increase

ambition in the Nationally Determined Contributions (NDCs)

by 2020 and Long Term Decarbonisation Strategies to

strengthen ambition.

WBCSD Climate Policy Strategy 2019

Key Focus Areas

Business – the key implementation partner

With focus now fully on the implementation of the Paris

Agreement, WBCSD will continue to emphasise its

solutions-oriented approach to tackling climate change.

Together with our ‘We Mean Business’ coalition partners, we

will aim to highlight the importance of business as a key

implementation partner to achieve the Paris Agreement.

We aim to support companies to showcase business action

and innovation in finding and implementing concrete

solutions.

WBCSD Climate Policy Strategy 2019

Key Focus Areas

Market mechanisms – the missing piece

Although, COP24 delivered the Paris Agreement Work

Programme, Parties were unable to reach agreement on the

use of cooperative approaches (carbon market

mechanisms). As the missing piece of the Paris Rulebook

puzzle, Article 6 will become the main focus for successful

negotiations at COP25 in Chile.

We will work with our members to define a strategy towards

these negotiations that advocates for effective carbon

pricing policies that maintain competitiveness, create jobs

and deliver meaningful emissions reductions while ensuring

environmental integrity.

WBCSD Climate Policy Strategy 2019

Key Focus Areas

Leadership on Adaptation & Resilience

We will develop content to raise the profile of business

action on climate adaptation and resilience. We intend

to achieve this by leveraging in-house knowledge

and projects which showcase high impact approaches

and solutions for climate adaptation and resilience.

WBCSD Climate Policy Strategy 2019

Objective 2: Business narrative for Climate Adaptation and

Resilience

Objective 1: Engagement of cross-sectoral programs

WBCSD Report on Business Leadership on Resilience

TCFD

Members

Institutionalbodies

Public authorities

Policy makers

Redefining Value team

Climate Action &

Policy team

Climate Smart Agriculture

team

Water team

BuiltEnvironment

1 2

The business case to understand obstacles and levers, risks and opportunities

Elevating business action on resilience

WBCSD narrative for Climate Resilience

Building strong synergies Develop the business narrative on resilience

Project strategy

Monday, 14:30 – 16:00

StravinskiVI&VII

Key Moments 2019

COP25 Chile (December 2019)

Santiago, Chile

2 - 13 December 2019

This year’s UN Climate Change Conference will

take place in December in Santiago, Chile with

the pre-COP meeting taking place in Costa

Rica.

The exact location and details of the conference

will be communicated in due course.

WBCSD will be working with our members to

ensure strong business representation at the

Conference.

“Only a significantly higher level of ambition will do. To that

end, the Summit will focus on areas that go to the heart of

the problem – the sectors that create the most emissions

and the areas where building resilience will make the

biggest difference".

UN Secretary General Climate Summit 2019

UN Secretary General Antonio Guterres will convene a

Climate Summit in September 2019 to mobilize climate

action and finance. This summit comes one year before

countries will have to enhance their national

commitments under the Paris Agreement.

The Summit will offer public and private sector leaders

the opportunity showcase their ambition and accelerate

climate action.

UNSG Climate Summit 2019

Thematic areas

Mitigation Strategy

Infrastructure, Cities and Local Action

Nature-Based Solutions

Energy Transition Industry Transition

Social & Political Drivers

Climate Finance &

Carbon Pricing

Resilience and Adaptation

Mobilization

Crosscutting themes

Latin America & Caribbean Climate Week

August, Salvador de Bahia, Brazil

Regional Climate Weeks: 2019

Asia-Pacific Climate Week

2-6 September, (China, TBC)

Africa Climate Week

18-22 March, Accra, Ghana

Africa Climate Week 2019

Thematic areas:

Energy Transition

Cities and

Local Action Nature Based

Solutions

Focus:

How engagement between Party and non-Party

stakeholders can be strengthened across key

sectors in Africa.

Accra, Ghana 18-22 March

Africa Climate Week 2019 WBCSD EngagementAccra, Ghana 18-22 March

Climate Policy Strategy 2019 Discussion Points

• How can we leverage key moments in 2019 to

bring a strong and united voice of business?

• How can we improve our impact and bring more

companies to engage in delivering our strategy?

• What comments and feedback on CP strategy

2019 ?

WBCSD (Geneva)Maison de la Paix l CheminEugène-Rigot 2BCP 2075 1211 Geneva 1Switzerland

WBCSD (New York)747 Third Avenue Suite M205, New YorkNY 10017, United StatesUSA

WBCSD (Delhi)WBCSD India, 4th Floor, Worldmark 2,Aerocity New Delhi 110 037India

WBCSD (Singapore)WBCSD Asia Pacific Ltd.theBridge2 Science Park DriveSingapore 118222Singapore

WBCSD (London)WeWork Mansion House33 Queen StreetLondon EC4R 1BRUK

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