The United Nations Climate Change Conference (UNFCCC) 24th Conference of the Parties (COP24) started this week in Katowice, Poland and will focus on finalizing the rules for implementing the Paris Agreement on climate change. The conference will consist of a variety of high-level events, side events, and workshops on a variety of topics including finance and climate action; resilience; land use, water, and energy; and more. First Environment’s president, Dr. Tod Delaney, will be participating on the Business Council for Sustainable Energy’s side event titled “Why Companies Should Care about the Paris Rulebook,” taking place Saturday, December 8th.
At COP24, BCSE and its members are advocating for governments to deliver a clear and transparent Rulebook that protects the integrity of the Paris Agreement and sets a common framework for action. Lisa Jacobson, President of BCSE, stated that the Council is “helping to reduce GHG in our own companies and industries, but also helping others do the same. We’re working to make sure that our businesses and our communities are more resilient, and that we’re taking and heeding the call to action that we hear here at COP24.”
Dr. Delaney’s work as Chair of the International Organization for Standardization’s (ISO’s) global Climate Change Coordinating Committee is in service to this goal. Working collaboratively with the UNFCCC, ISO is in the process of revising and developing standards to align with the Paris Agreement goals. “As of today we have a total of five standards in development, one of which has been completed,” Dr. Delaney said. These standards provide guidance in the areas of climate change adaptation and mitigation, vulnerability and risk assessment, green bond financing, and radiative forcing (related to the global warming potential of aerosols and particulates).
Joined also by industry representatives from Mars, the American Carbon Registry, and Winrock, BCSE’s side event will cover why companies do and should care about the Paris Rulebook and how a clear and transparent framework will create policy clarity and guide adoption of both public and private sector mitigation and adaptation measures for years to come. Panelists will also discuss how transparency of reporting and accounting procedures for country actions, financial flows, and market-based mechanisms will impact business operation decisions and investment choices.
Watch BCSE’s press conference to learn more about this side event.
Why Companies Should Care about the Paris Rulebook
Saturday, December 8, 15:30 – 16:30
U.S. Climate Action Center
Area E, Level 0, Space #36
For more news on COP24 and to watch a live stream of events, click here.