By 2030, business will cut its greenhouse gas emissions by 3.7 billion metric tonnes of CO2 equivalent a year. That’s half a tonne of CO2 for every man, woman and child on the planet, every year.
The Paris Agreement was a turning point for global action to limit climate change. In addition to national and sub-national governments taking action, civil society and businesses are on board too. In fact, some companies have already signed up to initiatives that support the Paris Agreement, going beyond and taking action sooner than their government’s commitments. In fact, it’s starting to make sense to talk about a ‘business-determined contribution.’ But how big will that business contribution be?