World Climate Summit 2011 Report

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Report of the World Climate Summit 2011

Transcript of World Climate Summit 2011 Report

  • SUMMIT REPORT 2011

  • WORLD CLIMATE SUMMIT 2011 REPORT

    2 www.wclimate.com

    Copyright 2010-2012 World Climate ltd. World Climate Ltd is a company registered in England and Wales No. 07186968

    Contents

    Preface ................................................................................................................................................................................. 3

    Opening Statement by the Honorable Dr. Jacob Zuma, President of the Republic of South Africa ............ 4

    The setting of the COP for business ........................................................................................................................... 6

    Green Business Generation: Our Transition to a Global Green Economy ....................................................... 7

    Mining the Fifth Fuel: Efficiency Gains Driving Profits ............................................................................................ 10

    Finance: Aligning Capital for Low-Carbon Growth ................................................................................................ 13

    Strategies to Accelerate the Low-Carbon Economy ............................................................................................. 16

    Sustainable Energy for All ............................................................................................................................................. 18

    States, Regions and Cities ............................................................................................................................................. 20

    The Road to Rio+20 Business Leadership Driving Change .............................................................................. 23

    Key Recommendations from the Second Annual World Climate Summit ....................................................... 26

    Announcements .............................................................................................................................................................. 29

    Speakers ............................................................................................................................................................................ 32

    About World Climate Ltd ............................................................................................................................................ 35

    This report was written by the World Climate Summit team: Aimee Christensen, Tricia Dunlap, Tobias Friis, Thomas Isbell and Michael Mathres.

  • WORLD CLIMATE SUMMIT 2011 REPORT

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    Copyright 2010-2012 World Climate ltd. World Climate Ltd is a company registered in England and Wales No. 07186968

    Preface

    This brief report provides a snapshot of the

    recommendations from the plenary sessions of the

    second annual World Climate Summit (WCS). It reflects

    the important thoughts and announcements from global

    leaders across industry, government, philanthropy and

    finance who gathered in Durban, South Africa, alongside

    the UNFCCC COP 17, to identify new collaborative

    pathways for a prosperous green growth.

    The two-day summit was positioned as the most prominent and exclusive global platform accelerating solutions for

    climate change, developing new business models, brokering public-private partnerships, scaling projects, transferring

    technologies, and establishing replicable financing mechanisms. It saw 700 delegates from five continents convene and

    participate in active, energized and positive discussion with over 100 speakers; all high-level experts in their industry and

    fields, including international luminaries and pioneers such as the President of South Africa, Dr. Jacob Zuma; Christiana

    Figueres, Executive Secretary, UNFCCC; Dr. Zweli Mkhize, Premier of the Province of Kwazulu-Natal; ex-president of

    Costa Rica Jos Maria Figueres; ex-President of Ireland Mary Robinson, and Connie Hedegaard, EU Commissioner for

    Climate Action. The goal of the 2nd annual World Climate Summit was to learn, share, collaboratively strategize and plan,

    and launch new initiatives to address climate change and build the global green economy.

    The World Climate Summit would like to thank the Government of the Republic of South Africa and the Province of Kwazulu-Natal for their patronage.

    WCS would also like to thank all its sponsors for all their help and support: Siemens, PwC, Nedbank, Ernst & Young, Alstom, Philips, Coca-Cola, Brasil Foods, Vale, HP, Vestergaard Frandsen, ZEP, State of Green, European Investment Bank, Inerjys, Avon, Earth Networks, BMW and Global Green Growth Forum.

    WCS would also like to thank its partners for their contribution and backing: UNEP FI, United Nations Global Compact, UNPRI, UN Foundation, World Bank, IFC, ICLEI, Carbon War Room, Prince of Waless Corporate Leaders Group, Carbon Disclosure Project, The Climate Group, R20, American Council on Renewable Energy (ACORE), Investors Network on Climate Risk (INCR), Institutional Investors Group on Climate Change (IIGCC), Investors Group on Climate Change (IGCC), Union of International Railways, World Green Building Council, Gold Standard Foundation, Business Council on Sustainable Energy, European Climate Foundation, CGF Research Institute, Carbon Markets & Investment Association, Avoided Deforestation Partners, Federation of Indian Chambers of Commerce and Industry, Renewable Energy and Energy Efficiency Partnership, GRC Research Institute, Business Leadership South Africa, CNN, TIME, Greenbiz, Green Futures, Revolve, Clean Energy Pipeline, and Hub Culture.

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    Copyright 2010-2012 World Climate ltd. World Climate Ltd is a company registered in England and Wales No. 07186968

    Opening Statement by the Honorable Dr. Jacob Zuma, President of the Republic of South Africa

    The World Climate Summit was honored to welcome the Honorable President of the Republic of South

    Africa, Dr. Zuma as the opening speaker of the 2011 summit in Durban. President Zuma addressed the

    audience of global business and finance leaders with serious, but optimistic words.

    Climate change is more than an environmental issue. The world needs to take responsibility and align to a

    more sustainable growth in order to avert possibly catastrophic outcomes. But this transition to a more

    sustainable economy bares great business potential as Dr. Zuma stressed. The private sector needs to

    understand this potential and take a leading role in progressing the state of innovation, technology and supply

    of clean energy and sustainable prosperity.

    New sources of growth and innovation and new technologies and models for driving investment

    are urgently needed to deliver long term prosperity in a stable, sustainable and inclusive way Dr.

    Jacob Zuma / President / The Republic of South Africa

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    Copyright 2010-2012 World Climate ltd. World Climate Ltd is a company registered in England and Wales No. 07186968

    Promoting green growth and investing in a greener future must take into account more than just economic

    and environmental issues. Global green growth can function as a catalyst for a number of issues and lay the

    foundation for future prosperity and stability. Addressing social dimensions of economy and energy, providing

    empowerment, education and gender equality and integrating rural communities on a national basis are among

    the key areas that green growth can leverage and build. President Dr. Zuma emphasized the role of the private

    sector in this development, urging business to understand the change as an opportunity for business, rather

    than a threat to profits. (The Presidents full speech can be found on www.wclimate.com.)

    Economic transformation is therefore an integral part of our quest for a sustainable economy that responds to the

    impact of climate change. We emphasize this because developing green economies is not just about eco-efficiency but

    also about equity. Dr. Jacob Zuma / President / The Republic of South Africa

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    Copyright 2010-2012 World Climate ltd. World Climate Ltd is a company registered in England and Wales No. 07186968

    The setting of the COP for business In order to derive change and move forward with the creation of a global plan, businesses need to do more.

    The UNFCCC COP17 negotiations have been progressing and are placing the building blocks for the

    implementation of a global business plan. However, businesses must speak up and speak loudly if the

    international community is going to succeed in debunking the myth that the consequences of climate change is

    far way and do not concern every citizen of the globe.

    The opportunities to do change for good are here right now, they affect every single one of us.

    We have huge opportunities, but we need to switch the mentality (regarding climate change).

    Christiana Figueres / Executive Secretary / UNFCCC

    The global business plan for the future must be built on a triple bottom line. Not only in the classical context

    of people, planet and profit, but also in a more strategic and implementable approach. The global business plan

    must focus on adaption, global mitigation and addressing poverty. These subjects are not easily put into a

    binding agreement, but comprise the strategic aim of the process. Although