The final Paris agreement, described as historic, recognizes the need for a progressive and effective response to the pressing threat of climate change, based on the best available scientific knowledge; launches financing instruments for "sustainable development", such as a climate fund of 100 billion dollars that developed countries will mobilize from 2020, and establishes a first assessment to know where we are in 2019 and a first review in 2020 But it dilutes the concrete targets for reducing global greenhouse gas emissions.
From the initial text, the options that set cuts of between 40 and 95% of emissions for 2050 compared to 2010. Now, we are betting on a more diffuse formula: achieve "neutrality of emissions in the second half of the year. century". He also refuses to speak of "carbon neutrality", as he did in the last draft, and of "decarbonization of the economy.
Business value at risk
Probably, due to the glimpse of this lack of credence and generality in the goals and deadlines in the interstate sphere, and aware that business value at risk clearly and progressively increases as temperature and water scarcity do, 32 multinationals led by Suez went ahead of the Paris agreement and launched the Business Alliance for Water and Climate Change. The signatories commit to identifying, analyzing and communicating risks related to water and implementing collaborative response strategies; to measure impacts on water in corporate value chains following standardized methods; and to reduce the impacts on the availability and quality of water in its production processes.
It is not a social vision of the problem, it is a business vision. The private sector considers the preservation of drinking water as a fundamental element.
"In view of the growing impacts of global warming on water resources, we have taken the initiative to propose the Business Alliance for Water and Climate Change," says the text of this industrial agreement. They are based to launch it in the fifth Assessment Report of the Intergovernmental Panel on Climate Change, according to which "risks related to drinking water motivated by climate change will intensify significantly as greenhouse gases increase."
For every degree of warming, approximately 7% of the world's population is expected to be exposed to at least a 20% reduction in renewable water resources, and the world's population exposed to floods during the 20th century will be three times higher per year, at the end of the 21st century, due to high emissions.
The first tangible consequences of climate change are already threatening the availability and quality of water resources, especially in emerging countries. The situation is generating conflicts over the use of water, in addition to endangering food security and economic development.
Business value at risk is clearly increasing and the private sector wants to reaffirm the fundamental role of companies in responding to these climate challenges, preserving drinking water resources and the success of their businesses. Without water, there would be no agriculture and, therefore, food security would be diluted, there would be no industry and no economic development.
With these premises and with the support of the AEFP, the Alliance for Water Stewardship, Business in the Community, Ceo Water Mandate, CDP, FP2E, Water Footprint Network, and WBCSD, as well as the governments of France and Peru, 32 companies - Altereo, Astra Zeneca, Asliworld, Banka Bioloo, Carrefour, Danne, Diageo, East African Primary Teacher? S College, Engie, Exergy, Feed, Fujitsu Limited, Gas Natural Fenosa, Greenflex, Grupo Nutresa, GSK, International Water Saber Environmental Services, Jain Irrigation, Michela Cocchi studio legale, Netafin, Pernod Ricard, Pipa, Saint-Gobain, Suez, Tiger Brands, Tongaat Hulett, Unilever, Veolia, Vilens NV, Vlakwa, Wier Capacity and Woolworths-, have committed to controlling the consumption of water and monitor the quality of water in their production processes.