“The science is clear, business as usual is not an option and the pace we had in the past, cannot be the pace in the years to come,” H&M CEO, Helen Helmersson speaks about the company’s race to become circular and climate positive.
Heavy industry commits to decarbonization pathways
Today, world leaders convened at the Climate Breakthroughs Summit – a collaboration between the World Economic Forum, Mission Possible Partnership, the UN Climate Champions, and the UK COP26 Presidency – to demonstrate progress in critical sectors of the global economy, including steel, shipping, green hydrogen and nature.
At the Summit, Maersk was among the major new joiners of the Race to Zero campaign, committing to halving their emissions by 2030 in line with achieving the long-term goal of full decarbonization under the Paris Agreement. Other companies that reiterated their commitment to the Race to Zero at the Summit included IKEA, Orsted, and ENGIE (see here for full list).
The announcement comes as the World Meteorological Organization reports that there is about a 40% chance of the annual average global temperature temporarily reaching 1.5°C in at least one of the next five, with a 90% likelihood of at least one year between 2021-2025 becoming the warmest on record.
Alok Sharma, COP President Designate, said: “We need coordinated action across the economy to secure global net zero by mid-century and keep the 1.5C degree target alive.
“I applaud all the companies, cities, regions, and investors joining Race to Zero for their leadership and collaboration, and to those that have not yet signed up, join us.”
Maersk, the world’s largest container shipping line and vessel operator since 1996, has joined the Race to Zero through Business Ambition for 1.5. Their near-term target to have commercially viable, net zero vessels operating in their fleet by 2023 is part of the critical next steps for an industry currently responsible for nearly 2.5% of global emissions.
Maersk joins a growing cohort of ambitious non-state actors that are defining how to meet their climate targets in tandem with those of national governments. Yesterday, Health Care Without Harm, the Race to Zero health care partner, announced the first group of hospitals and health systems joining Race to Zero.
Close to 40 health care institutions worldwide, collectively representing more than 3,000 health care facilities in 18 countries, have made public commitments to halving emissions by 2030 and reaching net zero by no later than 2050 accredited by Race to Zero’s stringent entry criteria. The health care organizations, spanning six continents, represent diverse institutions including individual hospitals, private health systems, and provincial health departments.
“In stepping up to join the Race to Zero, these health care institutions send a strong message that the health community is part of the solution. This is what a healthy recovery can look like,” said Maria Neira, WHO Director, Environment, Climate Change and Health.
Climate Pathways show the way
The transitions of individual companies and institutions such as these are being supported by sector-wide plans, reflected in the revised Climate Action Pathways, also launched today with the Marrakech Partnership for Global Climate Action. The pathways set out sectoral visions for achieving a 1.5°C resilient world in 2050, providing a roadmap to help countries and non-State actors alike to identify actions needed by 2021, 2025, 2030 and 2040 to deliver a zero-carbon world in time.
The updated Industry pathway shows that decarbonizing both heavy industry (aluminium, concrete and cement, chemicals, metals and mining, plastics, and steel) and light industry (consumer goods, fashion, ICT and mobile, and retail) is technically and economically feasible through reducing materials and energy use; increasing their productivity; and decarbonizing production processes while implementing transitional solutions such as natural climate solutions where direct emissions reduction cannot be achieved. The other pathway updates will follow in due course and a Finance pathway will be launched for the first time.
Nigel Topping, UN High Level Climate Champion for COP26, said: “The only way to deliver the promise of the Paris Agreement is with immediate action. The Climate Action Pathways light the way for actors across the global economy to take the urgent next steps to halve emissions by 2030.”
The pathway update comes in advance of the widely anticipated steel roadmap due next month. The steel roadmap will bring industry together across the entire value chain. Built to enable real decision-making around different scenarios and the choices available to decarbonise from technology to timeframes to the use of hydrogen as we mobilise industry action now on achieving net-zero steel before 2050.
Nature’s place in the race
The event coincided with the publication of a landmark report on Nature, Nature and Net Zero, which reveals that natural climate solutions have the potential to provide one-third of the climate mitigation to reach a 1.5- or 2-degree pathway by 2030. Deployed in the right way, natural climate solutions can also produce high co-benefits that accrue to nature and to communities – and at a lower cost than other forms of carbon dioxide removal.
Written by the World Economic Forum, in collaboration with McKinsey & Company, the report sets out six actions to accelerate the scale-up of high quality implementation of natural climate solutions and the role of radical collaboration with business leaders, policymakers, and civil society.
Gonzalo Munoz, UN High Level Climate Champion for COP25, said: “Only by collaborating aligned with science in wholesale systems transformation can we upgrade the sectors of our global economy to deliver a healthy, resilient, zero-carbon world. The steps we take in the next five years are critical to get us on the path to zero emissions in time.”
Matthew Phillips: firstname.lastname@example.org / +44 7834 699991
About Race to Zero
Race to Zero is the UN-backed global campaign rallying non-state actors – including companies, cities, regions, financial and educational institutions – to take rigorous and immediate action to halve global emissions by 2030 and deliver a healthier, fairer zero carbon world in time.
All members are committed to the same overarching goal: reducing emissions across all scopes swiftly and fairly in line with the Paris Agreement, with transparent action plans and robust near-term targets.
Led by the High-Level Climate Champions for Climate Action – Nigel Topping and Gonzalo Muñoz – Race To Zero mobilizes actors outside of national governments to join the Climate Ambition Alliance, which was launched at the UNSG’s Climate Action Summit 2019 by the President of Chile, Sebastián Piñera.
Its sibling campaign – Race to Resilience – was launched at the 2021 Climate Adaptation Summit. It is the UN-backed global campaign to catalyse a step-change in global ambition for climate resilience, putting people and nature first in pursuit of a resilient world where we don’t just survive climate shocks and stresses, but thrive in spite of them.
Visit the Race to Zero website here.
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