• About
  • Advertise
  • Privacy & Policy
  • Contact
Newstitbits
Advertisement
  • HOME
  • NEWS
    Benjamin Kofi Quashie, Chairman of the NDC Council of Elders in South Africa

    Ghanaians in South Africa encouraged to stay law-abiding, assured of better representation at High Commission

    ECG disconnects GWL from national grid over nearly GH¢1bn debt

    ECG disconnects GWL from national grid over nearly GH¢1bn debt

    John Mahama

    Mahama bans DSTV, satellite TV subscriptions at Jubilee House

    Nurses and midwives reject govt’s debt exchange programme

    Strike: Akandoh urges retired nurses to volunteer services temporarily

    New conditions of service for nurses will throw economy off-gear if implemented – Health Minister

    New conditions of service for nurses will throw economy off-gear if implemented – Health Minister

    Ghana and Morocco sign groundbreaking visa-free travel agreement

    Ghana and Morocco sign groundbreaking visa-free travel agreement

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
  • HOME
  • NEWS
    Benjamin Kofi Quashie, Chairman of the NDC Council of Elders in South Africa

    Ghanaians in South Africa encouraged to stay law-abiding, assured of better representation at High Commission

    ECG disconnects GWL from national grid over nearly GH¢1bn debt

    ECG disconnects GWL from national grid over nearly GH¢1bn debt

    John Mahama

    Mahama bans DSTV, satellite TV subscriptions at Jubilee House

    Nurses and midwives reject govt’s debt exchange programme

    Strike: Akandoh urges retired nurses to volunteer services temporarily

    New conditions of service for nurses will throw economy off-gear if implemented – Health Minister

    New conditions of service for nurses will throw economy off-gear if implemented – Health Minister

    Ghana and Morocco sign groundbreaking visa-free travel agreement

    Ghana and Morocco sign groundbreaking visa-free travel agreement

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH
No Result
View All Result
Newstitbits
No Result
View All Result

Businesses around the world have made strategic climate commitments

May 4, 2018
Reading Time: 5 mins read

Organizers of the Global Climate Action Summit (GCAS) taking place this September in San Francisco have provided new evidence of how cities, states, regions, businesses and investors are taking climate ambition to the next level.

In this way, they are helping to build momentum for a successful outcome for the UN Climate Change Conference in Katowice, Poland (COP24) at the end of the year.

Specifically, 11 new commitments from Mahindra, among India’s largest business houses, push the number of major global companies with science-based targets to over 400.

The summit in San Francisco will be hosted by the Governor of California, Jerry Brown; the UN Secretary-General’s Special Envoy for Climate Action, Michael Bloomberg; the Chairman of the Mahindra Group, Anand Mahindra; and the Executive Secretary of UN Climate Change, Patricia Espinosa.

Speaking to delegates and journalists on the margins of the ongoing UN Climate Change Conference in Bonn, Anirban Ghosh, Chief Sustainability Officer of the Mahindra Group announced that business had taken an important step forward.

In total, 13 of its companies have now committed to cut their emissions in line with the Paris Agreement goals by signing-up to a science-based target.

Welcoming this development, Summit Co-Chair and top UN Climate Change official Patricia Espinosa said, “At COP24 in Katowice, the world has much to accomplish to ensure that the Paris Agreement delivers the desired result, which is to keep climate change within manageable limits. Thankfully, the revolutionary progress underway in the ‘real world’ economy, which will descend on California in September, will be instrumental to helping make Poland a success.”

To date, over 700 leading businesses around the world have made strategic climate commitments through the We Mean Business coalition’s Take Action campaign. Collectively, these companies represent 2.62 gigatons of emissions, which is equivalent to the total annual emissions of India.

The announcement by the Mahindra Group responds to one of the five “Summit Challenges” being presented to sub-national governments, business and civil society worldwide in advance of the Global Climate Action Summit.

Its commitment falls under the second of the five challenges – Inclusive Economic Growth – and means that so far 400 companies have positively reacted to this particular “call to action,” which aims to sign on 500 companies by the conclusion of GCAS in September.

Anand Mahindra, Mahindra Group Chairman said, “There is remarkable congruity between the goals of the Paris Agreement, the Indian Government, and businesses like the Mahindra Group. India, like the Agreement, is driven by a strong belief at the highest political level that pursuing environmental stability is the only way forward. As a result, India has set extremely ambitious targets in the area of renewable resources and is actually ahead of schedule in meeting some of these. In my business, we are driven by the belief that sustainability is a business opportunity as well as a way to make work meaningful for our young millennials. So, from all angles, I am delighted to accelerate the momentum created by the Paris Agreement.”

In addition to adding critical momentum to the COP24 negotiations in Poland this December – when governments of the world will meet to signal their readiness to enhance ambition – the GCAS will build momentum for a strong outcome at the Climate Summit convened by UN Secretary-General António Guterres in 2019 and to elevate climate action plans – Nationally Determined Contributions, or NDCs – by 2020.

Nick Nuttall, Global Climate Action Summit Communications Director said, “2018 is the year when the world must step up climate action to bend down emissions by 2020 — and set the stage for the fast and full implementation of the Paris Climate Change Agreement and its crucial temperature goal. The Summit will bring businesses, states, cities, regions, territories and people from around the world together and in common cause to take climate ambition to the next level”.

To keep warming well below 2 degrees C, and ideally 1.5 degrees C—temperatures that could lead to catastrophic consequences—worldwide emissions must start trending down by 2020.

The 2018 Global Climate Action Summit, hosted in San Francisco September 12 to 14, will bring together state and local governments, business, and citizens from around the world to showcase climate action taking place, thereby demonstrating how the tide has turned in the race against climate change and inspiring deeper national commitments in support of the Paris Climate Change Agreement.

By Kofi Adu Domfeh  | 3news.com | Ghana]]>

Previous Post

Akufo-Addo reinstates suspended Regional Minister, Alhassan Suleman

Next Post

12 illegal drug dealers grabbed at Ashaiman

Related Posts

CLAP Gh seeks to halt sentencing of future generations into a hotter planet

Africa at the crossroads of taking climate action

Madrid ready for ‘point of no return’ climate action talks

Ashanti Youth prevail on leaders to take climate action

Next Post

12 illegal drug dealers grabbed at Ashaiman

John Mahama congratulates Church of Pentecost on election of new Chairman

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Being loud doesn’t help – NDC SA Council Chair slams Wontumi, warns of day of accountability
  • Body of Nigerian boxer Gabriel Oluwasegun repatriated for burial
  • Ghana has lost $11 billion to gold smuggling, links to UAE, report finds
  • Ghanaians in South Africa encouraged to stay law-abiding, assured of better representation at High Commission
  • Benjamin Quashie slams NPP over alleged misuse of state resources
  • ECG disconnects GWL from national grid over nearly GH¢1bn debt
  • Detained BECE candidates: Kwabre East MP reports headmaster to police
  • Chris Arthur writes: NPP delegates always punish an “internal enemy”

Popular Stories

  • Body of Nigerian boxer Gabriel Oluwasegun repatriated for burial

    Body of Nigerian boxer Gabriel Oluwasegun repatriated for burial

    0 shares
    Share 0 Tweet 0
  • Ghana has lost $11 billion to gold smuggling, links to UAE, report finds

    0 shares
    Share 0 Tweet 0
  • Detained BECE candidates: Kwabre East MP reports headmaster to police

    0 shares
    Share 0 Tweet 0
  • ECG disconnects GWL from national grid over nearly GH¢1bn debt

    0 shares
    Share 0 Tweet 0
  • Ghanaians in South Africa encouraged to stay law-abiding, assured of better representation at High Commission

    0 shares
    Share 0 Tweet 0

ABOUT US

Newstitbits.com is a 21st Century journalism providing the needed independent, credible, fair and reliable alternative in comprehensive news delivering that promotes knowledge, political stability and economic prosperity.

Contact us: [email protected]

@2023 – Newstitbits.com. All Rights Reserved.

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • NEWS
  • POLITICS
  • SHOWBIZ
  • SPORTS
  • BUSINESS
  • ELECTIONS
  • RELIGION
  • EDUCATION
  • WORLD
  • MORE
    • QUIRKY NEWS
    • LIFESTYLE
    • MEDIA
      • PHOTOS
      • VIDEOS
    • TECH

@2024 - Newstitbits.com. All Rights Reserved.