FOLU: Nature for Net-Zero: consultation document on the need to raise corporate ambition towards nature-based net-zero emissions
Limiting warming to 1.5°C requires the halving of global emissions by 2030 and reaching net-zero emissions by 2050. This depends, in turn, on decarbonising the energy system and protecting and restoring nature, tropical forests in particular. But while progress on decarbonising the energy system is promising, progress on nature is limited. Deforestation rates remain stubbornly high and are trending upwards. Resources available to boost progress on nature are minuscule relative to the scale of the challenge.
This report focuses on the need to increase corporate action on climate and nature. It sets out actions that NGOs and standard setters; corporates and investors; governments; and the Parties to the Paris Agreement, guided by the COP26 Presidency, should take now to secure a nature-based net-zero future.
Published December 2020.