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Healthier, Wealthier Cities: Climate Action in Cities

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Presentation on theme: "Healthier, Wealthier Cities: Climate Action in Cities"— Presentation transcript:

1 Healthier, Wealthier Cities: Climate Action in Cities

2 CDP is the only global environmental disclosure platform

3 CDP Cities Questionnaire and modules
Governance Risks, Adaptation & Opportunities Emissions – Local Government Operations Emissions - Community Strategy Water CDP Questionnaire C40 Module Global Covenant of Mayors City Energy Project Additional modules

4 Cities Global Reports 2014 2016 2016 2015

5 Cities reporting to CDP
533 Cities States and regions 314 207 110 73 75* 48 66 12 2011 2012 2013 2014 2015 2016

6 What can CDP data tell us about the
impacts of climate and energy planning on the local economy? Katie Walsh Senior Manager, CDP Cities

7

8 1. Cities taking climate change action in 2016

9 2. What types of emissions-reduction actions are cities taking?

10 3. What types of targets are cities setting?
40% have city-wide emissions inventory (213 cities ) 35% have city-wide emissions reduction target (190 cities) 28% have a renewable energy target (150 cities)

11 4. Of 533 cities reporting, 28% have set RE targets (150)

12 5. How many cities are setting 100 RE targets?
2% of cities who reported to CDP in 2016 are setting 100% Renewable Energy Targets

13 6. Cities report that climate change poses risks to local business
Globally North America

14 7. Cities report that climate change action is pro-business
1,000+ economic opportunities identified by cities by taking action on climate in 2016 In North America The emergence of the low carbon economy represents an enormous economic opportunity with cities identifying over 1,000 economic opportunities.

15 8. More than 50% of cities report the potential to develop new industry sectors as a result of taking action on climate change Out of these economic opportunities, 299 cities identify the potential to develop new businesses and industry sectors linked to climate change action.

16 9. Cities are seeking investment in climate action
277 720 US$26bn cities projects value

17 Regional breakdown of projects seeking private sector involvement

18 Discussion for later What additional metrics should we be tracking to show the economic benefits from climate action?

19 COMMIT TO ACTION

20 675+ bold commitments to action
Companies & investors take action 675+ bold commitments to action 460+ 11.5 180+ 1050+

21 Corporate action 249 81 93 17 26 21 Number of committed companies by country

22 Take action: Commit to one or more of our initiatives
We Mean Business invites companies to commit to one or more of our 8 initiatives. Among these initiatives we believe there is a level of ambition that nearly every company can achieve, regardless of their sector, geography, or where they are in their sustainability journey. The commitments cover climate targets and policy: First 5 are helping companies set ambitious targets Last 3 are to help companies improve internal capacity and governance of climate issues We don’t expect all of these initiatives to be apply to all companies. We encourage you to see this as a shopping list to choose the ones you see as best fit for your company. We suggest one way to approach this is to look to where you are already doing the work as a first step and we can find which initiative is most complementary to your overall business strategy.

23 Procure 100% of Electricity from Renewable Sources
80+ companies have committed, including Nike, Ikea and Infosys. BENEFITS: Drive the creation of a global market for renewable power Engage policy makers and governments to support renewable power policies Receive RE100 guidance and learning resources EXPECTATIONS: Companies will start by setting a bold renewable target that will put them on the path towards 100% renewable power OR Companies will set a target to procure 100% renewable electricity and benefit from additional RE100 membership opportunities RE 2/2 X companies have already committed to 100% renewable energy, including H&M, Royal Philips, Nestle. BENEFITS: Companies will participate in the world’s first truly global corporate renewable energy campaign that engages companies across various sectors and countries that support a global market for renewable power. Together, these major businesses will signal strong renewable power demand to the world’s electricity markets. This initiative will also engage policy makers to increase government understanding and awareness of the policy measures that will help businesses and financial institutions to scale generation and purchase of renewable power. Participating companies will benefit from RE100 activities, such as technical guidance on power procurement and peer-to-peer learning, which directly aim to help them define and operationalize their own 100% renewable power procurement strategy. EXPECTATIONS: 1. Companies will start by setting a bold renewable target that will put them on the path towards 100% renewable power OR 2. Companies will set a target to procure 100% renewable electricity by a certain date and benefit from additional RE100 membership opportunities

24 Example City of Las Vegas
Companies set RE targets (MGM and Wynn resorts) in Las Vegas MGM and Wynn exit NV Energy utility (impact fees) City of Las Vegas sets 100% Renewable Energy Goal for municipal (100-megawatt solar panel farm) How can cities capitalize on the ambitious targets (including renewable energy) advanced by companies? MGM - MGM (and Wynn) paid $87 million to leave the service of Nevada Power. This amounts to slightly more than MGM pays for electricity in a year. That charge is not a penalty for exiting, per se; Ortega called it an “impact fee” that compensates the utility for investments made in order to serve MGM. The fee is so large because MGM was the biggest customer, accounting for 4.86 percent of Nevada Power’s sales,

25 CDP Corporate Participation 2016
2360 Global 1916 North America Climate Change 1426 Global 379 North America Water 201 Global 60 North America Forests

26 Company snapshots CDP can provide you with a snapshot of company response status


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