Brazilian business for the climate

On the eve of COP26, the business sector commits to ambitious goals in a meeting with the British minister and president of the Glasgow COP, Alok Sharma

 

The president of the Business Council for Sustainable Development (CEBDS), Marina Grossi, represented 80 of the largest Brazilian companies in a meeting with the president of COP26 in Glasgow, Alok Sharma, in Brasília, last Wednesday (05). The objective was to hand over the positioning “Entrepreneurs for the Climate” with proposals for the negotiations that will take place at the Climate Conference in November.

The document was created following an initiative by the CEBDS Council of Leaders, made up of leaders from business groups associated with CEBDS to share the vision of CEOs and senior executives of large corporations with public authorities from different spheres and society. The group of CEOs has been meeting since 2015 to debate, deepen studies, actions and commitments to combat climate change.

The positioning “Entrepreneurs for the Climate” makes clear the commitment of Brazilian companies to complying with article 6 of the Paris Agreement and to the necessary effort to achieve the goal of limiting global warming to 2º C, by the end of the century, with a view to reaching 1.5º C.

“The Brazilian business sector has adopted concrete corporate actions, among others, such as the internal carbon price and neutralization targets, as well as leading public climate policy initiatives with market instruments and social inclusion. COP 26 will be an opportunity to share this commitment and reinforce our global engagement. And to this end, Brazilian Climate companies hope to count on the attention of the event organizers to provide presence and space to disseminate these messages”, said Marina.

CEBDS believes that Brazil, a country that can today be considered the net zero solution while the world is still finding its way, needs to assume its leading role in the negotiations. The commitment, according to the Council, takes place across all economic sectors, as Brazil has a mostly clean energy matrix and has the greatest biodiversity in the world.

“We have climate ambition and our companies increasingly rely on science-based neutralization targets using rigorous ESG parameters (ESG benchmarkings). By 2030 we must prioritize reducing deforestation and expanding low-carbon agriculture, resulting in an increase in the ambition of the Brazilian NDC and potential corresponding adjustments within the provisions of Article 6 of the Paris Agreement”, states the president of CEBDS.

To make this path successful and guarantee a green recovery in the post-covid period, it will be necessary to prepare the greater participation of the industrial electricity sectors for the challenges after 2030. Therefore, CEBDS defends the expansion of the RenovaBio program and is collaborating with initiatives legislative measures for the creation of a Brazilian emissions trading system. In this way, the business community is engaged in the discussion of the neutralization path adopted by the country to increasingly align corporate initiatives with the design of climate and green recovery policies that guarantee social inclusion and the competitiveness of the Brazilian economy.

The positioning of the business sector for COP26 will be open to companies and entities. The expectation is that by November, the document will have more than 100 signatures.

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