Our societies are at crossroads.
After years of study and two reports analyzing the depth of the climate crisis, the Intergovernmental Panel on Climate Change (IPCC) released early April the third part of its Sixth Assessment Report (AR6). Despite increasing evidence of climate action, emissions have continued to increase globally and the reduction targets each country pledged to reach by 2030 will not be enough to limit the rise in temperature to 1.5C degrees above pre-industrial levels.
If the world can still hope to stave off the worst ravages of climate breakdown if temperatures soar to more than 3C degrees, an immediate strengthening of our policies and actions to transition to a low-carbon economy and society is paramount.
Not only must we substantially reduce the use of fossil fuels and transition to renewable energy sources, the IPCC concludes; all sectors of our economies, from energy and transport to buildings and food, must change dramatically and rapidly to reduce their carbon footprint and become more energy-efficient.
While our governments in Canada and Europe have already set our societies on this transition path, investment in the shift to carbon-neutral is still much lower than it needs to be. In this 2022 edition of our EUCCAN Business Day, companies and organizations operating on both sides of the Atlantic were thus convened to discuss how our industries could leverage new opportunities for growth, performance, and competitiveness all the while scaling up their efforts to deliver environmental and social outcomes.
To learn more about this, download the full report of our EUCCAN Business Day Green Back Better.