Ce diaporama a bien été signalé.
Nous utilisons votre profil LinkedIn et vos données d’activité pour vous proposer des publicités personnalisées et pertinentes. Vous pouvez changer vos préférences de publicités à tout moment.
TheCOP21ParisAgreement:
Briefing on the outcome of COP21
The 2015 UN Climate Change Conference
Aclearsignalto
business
Dec...
1© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
2© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
3© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
4© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
5© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
6© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
7© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
8© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
9© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepen...
10© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
11© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
12© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
13© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
14© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
15© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
16© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
17© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
18© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
19© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of indepe...
Prochain SlideShare
Chargement dans…5
×

The COP21 Paris Agreement: A clear signal to business

2 489 vues

Publié le

KPMG’s briefing on the outcome of COP21-the UN Climate Change Conference. The document sets out in simple terms what was agreed at COP21 and why it matters to our clients and the business community.

Publié dans : Business

The COP21 Paris Agreement: A clear signal to business

  1. 1. TheCOP21ParisAgreement: Briefing on the outcome of COP21 The 2015 UN Climate Change Conference Aclearsignalto business December 2015 KPMG International
  2. 2. 1© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . COP21:whatwasit? 21st annual UN climate talks, held in Paris, France 30 November – 2 December 2015. Objective: to agree international action to cut global carbon emissions and address climate change. The largest diplomatic event ever held by France. Hosted by French President, Francois Hollande and French Foreign Minister and COP21 President, Laurent Fabius. Around 5,000 official delegates represented 195 countries in the negotiations. Over 150 heads of state and government leaders attended the opening. Some 40,000+ people from businesses, industry organizations, regional and city governments, NGOs and others gathered to monitor progress and attend side events.
  3. 3. 2© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . UNClimateTalks:thehistory Complex, difficult and sensitive negotiations. Previous talks have not achieved universal international agreement. COP15 in Copenhagen, 2009 failed at the last minute. Disagreements between countries over who is responsible for climate change and who should pay to address it. Lack of engagement from some of the largest emitters of carbon: e.g. US, China, India. Resistance to the imposition of legally-binding carbon reduction targets.
  4. 4. 3© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . ExpectationswerehighforCOP21,Paris 2015 Increasing sense of urgency: the impacts of climate change are becoming ever more apparent. The politics have changed – US and China have been more actively involved: • Both announced cuts to their carbon emissions in a 2014 joint announcement; • China to implement national carbon trading system in 2017. More flexible approach to negotiations: countries can set their own national targets to cut carbon rather than having them imposed. Pressure from business and society: • Leading companies publicly calling for a strong agreement at COP21 (including 70% of KPMG’s Global Platinum clients). • Costs of renewable energy technology falling rapidly.
  5. 5. 4© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . COP21:anhistoricoutcome  “The Paris Agreement” comes into force in 2020.  A clear and unequivocal signal to the private sector.  Global political intention to shift to a low carbon, and ultimately zero carbon, future.
  6. 6. 5© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Halttherisein globaltemperature Limit global warming to well below 2˚C above pre-industrial levels. Pursue “best efforts” to limit it to only 1.5˚C. Temperatures have already increased by 1°C.
  7. 7. 6© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Theworldwillbe carbonneutral Countries agreed to peak greenhouse gas (GHG) emissions as soon as possible. Global carbon neutrality (zero net emissions) to be achieved between 2050 and 2100.
  8. 8. 7© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Allcountrieswillset nationaltargetstoreducecarbonemissions 188 have already done so. Targets are known as Intended Nationally Determined Contributions or INDCs. The INDCs must be strengthened over time because the current targets are insufficient to limit warming to well below 2°C. (Existing targets will lead to warming between 2.7˚C and 3.5˚C above pre-industrial levels) 5 year cycle of global stock takes and strengthening of national targets.
  9. 9. 8© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Countrieswill reporttransparentlyoncarbonreduction The targets themselves are not legally binding. However, the agreement requires countries to report their progress transparently. This in itself puts pressure on countries to deliver on their commitments.
  10. 10. 9© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Richercountrieswill providefinancialassistanceforpoorercountries Developed nations will provide US$100 billion per annum by the year 2020. Funds will help to finance green, low-carbon growth in developing nations.
  11. 11. 10© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . TheParisAgreement2015–Vulnerablecountries receivefinanceforlossanddamagefromclimate change Recognizes that poor countries vulnerable to climate change need financial help. Funds required to avert and minimize losses from events such as extreme weather. However, no mention of liability or legal mechanism for compensation from richer nations. (Developed nations’ fossil fuel- based economic development is seen as responsible for the bulk of global carbon emissions to date).
  12. 12. 11© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Whatdoesthe ParisAgreement meanfor business? KPMG’s predictions
  13. 13. 12© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Theglobaleconomywillevolvetoalow carbonmodel Transformation of power production, transport and industrial processes within a few decades. Regulation to drive businesses to lower their emissions, e.g. carbon taxes, emissions trading systems and energy efficiency standards. Incentives for businesses to develop and deploy technologies such as renewable energy, electric transport and carbon capture and storage. The global economy must evolve to one that discourages fossil fuels and encourages low- carbon innovation.
  14. 14. 13© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Investorstolookmorecloselyatclimate- relatedriskandopportunity Increasing interest in how companies build shareholder value in a changing global economy. Investors will expect transparency about financial, environmental and social risks and opportunities. Risks include weather impacts, regulation, changing market dynamics and stakeholder pressure. Examples of increasing investor scrutiny include: • Financial Stability Board’s disclosure task force on climate-related risk; • Portfolio Decarbonisation Coalition (PDC) aims to decarbonize US$600 billion of assets under management; • Principles for Responsible Investment (PRIs) Montreal Carbon Pledge commits investors to measure, disclose and reduce carbon footprint of portfolios.
  15. 15. 14© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Investmentincleantechnologywillgrow dramatically US$44 trillion is needed to decarbonize the global power supply (IEA). Paris Agreement likely to significantly increase the flow of capital into clean tech innovation and deployment. Governments will seek to leverage private sector investment. Examples include: • President Obama’s Mission Innovation initiative - 20 countries to double clean- tech R&D budgets; • International Solar Alliance - 120 countries to mobilize US$1 trillion to scale up solar power; • African Renewable Energy Initiative - raising US$20 billion for large scale renewable projects in Africa.
  16. 16. 15© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Pressureforbusinessestoset2˚C targets The world has now agreed to limit global warming to well below 2°C. Businesses face increasing pressure to align their own carbon strategies and targets with 2°C. More than 100 of the world’s leading companies have already committed to do so.
  17. 17. 16© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Internationalcarbonmarketlikelyto emerge The Paris text refers to linkages between existing carbon markets. This could be the basis for a framework to link existing national systems to form an international system of carbon pricing More and more countries are introducing carbon pricing systems, including China (due in 2017). International co-operation and linkage is likely over time. An expanding international carbon pricing system will simplify the complex business challenge of working within multiple national systems.
  18. 18. 17© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Whatshouldbusinessfocusoninapost COP21world? Strategy  Understand the direction of carbon reduction policy.  Plan scenarios of regulation, penalties and incentives.  Build an internal carbon price into business planning and risk management.  Understand the future risks and opportunities from regulation, changing market dynamics, stakeholder pressure, and physical impacts.  Be prepared to communicate your strategy clearly to investors.  Align your company’s carbon reduction strategy with the agreed global goal of “well below” 2°C.  Explore benefits from increased investment into clean tech.  Investigate opportunities to raise capital through green bonds, incentives and subsidies. Operations  Be prepared for the financial, environmental and social impacts on the supply chain.  Consider the effects of extreme weather on critical suppliers.  Put the right systems and processes in place to comply with carbon reporting requirements.  Protect brand and reputation by showing what your business is doing to reduce emissions.  Understand how national carbon reduction commitments are likely to affect your organization.
  19. 19. 18© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . HowKPMGmemberfirmscanhelp Strategy  Help companies understand and profit from disruptive change in the low carbon economy.  Identify and reduce climate- related risk in the supply chain.  Help to minimize the costs of carbon taxes or carbon pricing systems worldwide. Compliance  Help companies comply with carbon-reduction and carbon reporting legislation worldwide. Reporting  Implement effective processes and IT solutions to gather, analyze and report carbon data.  Advise on best practice for carbon reporting.  Provide independent third party assurance of carbon data. Finance  Advise on issuing green bonds.  Provide independent third party assurance for green bonds.  Help to identify and access green tax incentives. KPMG thought leadership  The KPMG Survey of Corporate Responsibility Reporting 2015.  Provides a snapshot of global CR reporting trends and a deep- dive into the quality of carbon reporting among the 250 largest companies in the world www.kpmg.com/crreporting.
  20. 20. 19© 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. . Formoreinformationcontact The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. sustainabilityservices@kpmg.com

×