From 3 to 13 June

Bonn Climate Change Conference 2024

Bonn, Germany

Climate Chance will be present at the Bonn Climate Change Conference 2024 and is co-organising a side event.

The 60th session (SB60) takes place from 3 to 13 June 2024 at the Bonn World Conference Centre.

Side event co-organised by Climate Chance

Climate Chance, CDP Worldwide, Energy and Climate Intelligence Unit Ltd, and the Cambridge Institute for Sustainability Leadership (CISL) are organising a side event: The role of the private sector in bolstering ambitious and credible NDCs on the road to COP30

In the countdown to ‘NDCs 3.0’, countries should be preparing to submit new climate commitments by early 2025. The role of business in delivering emission reductions and supporting government ambition is more vital than ever. Despite corporate target-setting reaching new heights, recent analysis from the likes of InfluenceMap and the Net Zero Tracker show that the private sector is still falling short on integrity, implementation and advocacy.

This event will discuss the role of the private sector in supporting ambitious new NDCs. It will showcase the importance of frameworks and standards, trasnparent data and positive examples of credible commitments and action, drawing on examples from renewable energy and experiences in Latin America.

Speakers:

  • Dylan Tanner, Executive Director and Co-Founder, InfluenceMap (moderator)
  • Sybrig Smit, Analyst, New Climate Institute and Net Zero Tracker
  • Katherine Quinn, International Policy Lead, Cambridge Institute for Sustainability Leadership (CISL)
  • Tania Martha Thomas, Research Officer, Climate Chance
  • Tatiana Boldyreva, Associate Director, CDP Worldwide

Key Takeaways

« NDCs will send a political signal on where the economy needs to be by 2035, which is just a business cycle away. Businesses must be a part of the conversation to both design and deliver on ambitious NDCs. » – Rebecca Kershaw, Climate Champion’s Business Engagement Lead

« The private sector could accelerate climate action in many parts of the world, but regulatory scrutiny is vital for a ‘whole economy’ transition. Mandatory emissions reduction plans and stakeholder action is critical! » – Sybrig Smit

« We need to measure and disclose indicators like emissions – the financial sector has pushed a wave of ESG transparency. Standardised and comparable data is critical, and investors need this in order to channel funding for the transition. » – Tania Martha Thomas

« In the long term, its important to have harmonised disclosure regimes across countries to provide more actionable data and track progress. » – Tatiana Boldyreva

Discover the Observatory’s analyses on climate corporate accountability: