The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
3 Ways Businesses and Policymakers Can Walk the Talk to Conquer Climate Change
Photo courtesy of Shutterstock
By Andrew Steer
It’s time for businesses and governments to step up to the climate challenge and match words to actions.
This week at the annual international climate talks in Warsaw, companies, policymakers, and civil society participated in an event to deepen business engagement on climate policy. Such interaction could not have come at a more critical time.
Global emissions are on the rise. And last year, climate and extreme weather events alone cost $200 billion.
The world clearly needs to accelerate its response to the climate challenge. Businesses and governments need to work together constructively to raise the level of action and ambition. That means policymakers step up to provide a strong market signal and support, while companies come to the table with clear, public, constructive input.
We know that businesses understand the risks. When recently polled at the World Economic Forum in Davos, businesses ranked rising greenhouse gas emissions as one of the top three global threats.
Businesses need support from policymakers. Better policies can provide greater certainty for low-carbon investments. Policies can also help by enhancing communities’ resilience in the face of extreme weather events and related climate risks.
Policymakers likewise need the private sector. The world needs significant financial muscle to shift $5 trillion in business-as-usual investments toward sustainable investments. Businesses can also build resilience and expand awareness across industry, supply chains, and their customer base.
The benefits are clear—and yet we are simply not seeing the response that we need.
Since the major risks from climate change began to emerge some 20-odd years ago, companies have worked to influence government positions in national and international policy discussions. But, the record is quite mixed.
The truth is that companies say they want long-term policies and climate action, but their policy engagement is inconsistent and, at times, contradictory. In fact, a recent UN Global Compact survey found that only 30 percent of companies have aligned their traditional government affairs activities with corporate responsibility commitments, like action on climate change.
And while there are a few promising examples of business support, those voices that oppose climate action—including many influential business associations and trade groups—are much louder and more united.
What can we do to change direction?
A new report from UN Global Compact, WRI, Ceres, CDP, WWF, The Climate Group, UNFCCC and UNEP outlines practical actions for a company to be a constructive voice in climate change policy debates. It focuses on three main business actions: 1) Identify implications, influences, and opportunities to engage; 2) Align words with actions, ambitions, and influences (both direct and indirect); and 3) Report on policy positions, influences, and outcomes.
The report offers an important framework for companies to be a positive influence on public policy, but results rest on companies’ and policymakers’ willingness to take on the responsibility—and hold each other accountable—for constructive dialogue and action.
Three Ways to Walk the Talk
Here are three ideas for how businesses and policymakers can work together to advance this goal:
Match words with actions. Businesses should ensure that their words are consistent with their corporate and lobbying actions. They should instruct their direct and indirect influences (such as trade groups) to deliver consistent actions. They should be more forthcoming with clear actions—backed by transparent and quantifiable targets and goals—and policy positions that are consistent with international ambitions to keep global warming below 2 degrees Celsius. That includes measuring and reporting on the full scope of their emissions, as well as disclosing policy positions and objectives through reporting measures such as CDP, UNGC, and others.
Find and support natural leaders. Governments should support individuals and industries that are ready to lead the change we need. Policymakers should reward companies that publicly commit to bold action. They should create incentives for companies that embrace sustainability, like renewable energy, greater efficiency, and related low-carbon strategies. Policymakers should respond with clear and strong long-term policies that create a safe operating environment for investments and goal-setting. Mexico, for example, has found constructive partners among industry voices to help shape housing, building, and construction policies, among other sectors.
Create a safe space to talk. Further, both sides need to talk candidly about the risks and opportunities. They can find common ground if they listen closely. Bear in mind that decisions should be transparent. And policy decisions should be driven by the best objective evidence available.
Time to Shift the Approach
The time for timidity and half-hearted measures is over. With each new super-storm, drought, or deluge, we are reminded of the growing risks in our changing world. It’s time to shift the conversation and get on with the action.
EcoWatch Daily Newsletter
Colorado senator and 2020 hopeful Michael Bennet introduced his plan to combat climate change Monday, in the first major policy rollout of his campaign. Bennet's plan calls for the establishment of a "Climate Bank," using $1 trillion in federal spending to "catalyze" $10 trillion in private spending for the U.S. to transition entirely to net-zero emissions by 2050.
When Trump's Environmental Protection Agency (EPA) announced its replacement for the Obama-era Clean Power Plan in August 2018, its own estimates said the reduced regulations could lead to 1,400 early deaths a year from air pollution by 2030.
Now, the EPA wants to change the way it calculates the risks posed by particulate matter pollution, using a model that would lower the death toll from the new plan, The New York Times reported Monday. Five current or former EPA officials familiar with the plan told The Times that the new method would assume there is no significant health gain by lowering air pollution levels below the legal limit. However, many public health experts say that there is no safe level of particulate matter exposure, which has long been linked to heart and lung disease.
By Andrea Germanos
Animal welfare advocates are praising soon-to-be introduced legislation in the U.S. that would ban the use of wild animals in traveling circuses.
By Tara Lohan
It's been the wettest 12 months on record in the continental United States. Parts of the High Plains and Midwest are still reeling from deadly, destructive and expensive spring floods — some of which have lasted for three months.
Mounting bills from natural disasters like these have prompted renewed calls to reform the National Flood Insurance Program, which is managed by Federal Emergency Management Agency and is now $20 billion in debt.