G20 Foundation Publications Turkey 2015 | Page 111

CLIMATE CHANGE & SUSTAINABILITY 111
At the WBSCD, together with our partners the International Energy Agency
(IEA) and the Sustainable Development Solutions Network (SDSN), we
have launched the Low Carbon Technology Partnerships initiative (LCTPi).
Endorsed by the French Presidency of COP21, LCTPi aims to catalyse
collaborative action to accelerate the development and deployment of
low-carbon technologies and business solutions consistent with the
objective of limiting global warming to below 2°C. The project focuses on
nine areas: renewables, carbon capture and storage, energy efficiency in
buildings, climate smart agriculture, cement, low carbon transport fuels,
forests, chemicals and low carbon freight.
At COP21, LCTPi will present concrete action plans accompanied by
specific policy asks to ensure implementation goes beyond Paris to
achieve a zero emissions society before the end of the century. We have
identified opportunities with the greatest global impact and that make the
best business sense.
Currently, 140 companies and 50 partners are working together to analyse
barriers, identify public-private partnership opportunities and scale up
low-carbon solutions. LCTPi supports the G20 focus on the deployment
of public-private resources to boost sustainable development and inclusive
growth. Energy is an important part of the development equation, so
enhancing the role and contributions of the private sector in sustainable
energy management will be critical to success.
Despite the growing momentum for energy efficiency and ambitious
climate action, a lot remains to be done. Energy-intensive sectors such
as cement and aluminium will require energy management and emissions
reduction solutions that go beyond the technology that is available today.
Investment requirements for new technologies often exceed individual
company budgets and there is a long time lag before such technologies
can be commercialized. Public-private partnerships like the ones emerging
from the LCTPi will be instrumental in accelerating the deployment of low-
carbon technologies and scaling up mitigation.
Responsible and sustainable energy management systems are an
imperative for any business striving for efficiency in the emerging low-
carbon economy. Companies that invest in developing and implementing
these systems today will have a competitive advantage and be in pole
position for success.
As a global business association representing forward-thinking companies
that are leading the transition to a sustainable world, the WBCSD supports
the G20 focus on sustainable energy as a key enabler of development.
Only collective action by all stakeholders including governments and
businesses can make this vision a reality.