"CMIA helped to explain the potential for project-based mechanisms across a variety of constituencies and is a key voice driving the conversation on results-based finance and sector approaches for scaling-up emission reduction investments. We urgently need input from organisations like CMIA to operationalise Art 6 of the Paris Agreement."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

The Choreography Needed for Net-Zero Industry Transition

23rd June 2022 by CMIA

Earlier this month, many in the environmental community geared up for the UN high-level meeting Stockholm+50, marking fifty years since the UN’s first environmental conference. For this, the Global Future Council on Net-Zero Transition has released two White Papers examining how industry can be at the forefront of building a low-carbon future.

This second paper picks up on the growing pledge to implementation gap when it comes to climate action and examines what type of choreography is needed to unlock the pace and scale required to meet net-zero goals. To this end, it considers three themes:

– Getting a more detailed understanding of the gaps to 2030 in the energy production, consumption and heavy industry sectors, so that the scale of the challenge is brought into clear view

– Identifying the obstacles that still prevent us from bridging these gaps and taking the breakthrough action needed

– Highlighting innovative models and mechanisms that could enable companies, countries and financial players to achieve faster and more efficient progress towards building the net-zero economy

The paper underlines the need for delivery platforms in each industry sector that would target and prioritise the low hanging fruit or first dominoes to get project pipelines off the ground at the scale required.

To find out more, and to read the White Papers, click here