February 5, 2015 – Track 0 launched THE BUSINESS CASE FOR ADOPTING THE LONG-TERM GOAL FOR NET ZERO EMISSIONS coinciding with some of the world’s most influential business leaders calling for widespread commitment to net zero greenhouse gas (GHG) emissions by 2050, as an ambitious pathway to transform the global economy and tackle climate change.
Track 0 produced the synthesis report as an influential showcase aimed at business leaders and sustainability executives. The report identifies the incentives for business to define 5, 10 and 15-year targets in line with net zero emissions by 2050, arguing that without the 2050 horizon, many climate strategies are inadequate to meet the scale of the global challenge.
Farhana Yamin, Founder of Track 0, said the report was produced to show business leaders that “Embracing the long-term goal for net zero emissions by mid-century provides predictability in the face of risk and complexity. It defines the pathway to the low-carbon economy, providing clear direction for the near term actions of business – and all sectors – to meet the globally agreed 2C temperature rise limit agreed by the international community.”
Mary Robinson, the UN Secretary-General’s Special Envoy on Climate Change, former President of Ireland and Chair of the Mary Robinson Foundation-Climate Justice said of the report, “The 2050 goal will not be easy to deliver and some companies and industries will find it more challenging than others. But it’s a goal that clearly demonstrates that your company will be fit for purpose 10, 20 or 30 years from now. Far-sighted business leaders are increasingly directing near-term emissions reductions towards a long-term 2050 goal for net zero. In doing so, they’re sending a positive signal to investors, shareholders and policy-makers that their companies are sustainable and future facing.”
The report covers the 10 reasons for businesses to adopt the net zero goal, including the science, economics and policy incentives, and also includes a showcase of companies from all sectors and every continent already using the net zero pathway as a strategic growth driver. It shows the opportunity for value creation aligned with the attitudes of consumers, customers, city leaders and civil society.
The full report is available for download here: http://track0.org/works/the-business-case-for-adopting-the-long-term-goal-for-net-zero-emissions/