{"id":45415,"date":"2021-11-19T16:27:52","date_gmt":"2021-11-19T16:27:52","guid":{"rendered":"https:\/\/www.climatechangenews.com\/?p=45415"},"modified":"2021-11-22T16:20:23","modified_gmt":"2021-11-22T16:20:23","slug":"street-boardroom-closer-ever-climate","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2021\/11\/19\/street-boardroom-closer-ever-climate\/","title":{"rendered":"The street and the boardroom are closer than they have ever been on climate"},"content":{"rendered":"

The Glasgow Climate Pact and recent pledges have kept 1.5C alive, just. But to get 1.5C out of intensive care we need all these pledges and national plans to be delivered without delay.<\/strong><\/p>\n

People took to the streets calling for urgent, just and decisive climate action. Activists were right to call out those governments and businesses using distant net zero pledges to delay meaningful action today. It is true that many of the current informal and unregulated offset schemes are insufficient and can lead to greenwashing.<\/span><\/p>\n

However, more than 1,000 companies are setting 1.5C-aligned science-based targets<\/a> to reduce their emissions. The Net Zero Standard launched at Cop26 enables companies to align their climate action with limiting global warming to 1.5C. The business leaders I met with in Glasgow had come with credible evidence of their progress as well as a sincere and urgent desire to push governments to go further and faster.<\/span><\/p>\n

While some saw Cop26 as a story of opposing voices inside and outside, I believe that the street and the boardroom are closer than they have ever been. Their message to world leaders is loud. Action, action, action\u00a0is the only antidote for the blah, blah, blah.<\/span><\/p>\n

The Glasgow Pact has given businesses a clear direction of travel. They came with concrete policy asks, which at least in part, have been delivered. These include a commitment by nations to increase their emissions targets to pursue the 1.5C target and rules for a robust and transparent global carbon market. 195 countries now agree that coal has an expiry date, even if that date is not yet agreed. Investments in fossil fuels are now far riskier because the market expects them to become stranded assets in the foreseeable future.<\/span><\/p>\n

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