Ten years ago, the Cambridge Institute for Sustainability Leadership (CISL) brought together a group of thirteen pioneering business leaders to write an open letter to the UK Prime Minister. We called for UK leadership on climate change and offered to work in partnership with the UK government to tackle greenhouse gas emissions.
In 2015 – a year which sees the climax of a number of international discussions to agree new approaches to these global challenges – the University of Cambridge Institute for Sustainability Leadership is seeking to harness the power of its network and the lessons learned during its 26 year history to develop a new ten year, ten point plan to rewire the global economy. Designed for business, policy and financial leaders, the plan will identify the steps necessary to ensure capital flows into sustainable business models. In developing it, CISL will draw on the insights and achievements of its leadership, groups including The Prince of Wales’s Corporate Leaders Group.
A short and relevant summary of the New Climate Economy synthesis report has been released by the Cambridge Institute for Sustainability Leadership and The Prince of Wales’s Corporate Leaders Group.
The report sets out to understand how countries with different economies can achieve economic growth and development, while reducing the risk of dangerous climate change.
The succinct briefing is prepared with a business audience in mind and highlights the key points of the report: that the next 15 years are crucial, there are major opportunities for economic systems such as cities, land use, and energy, and that economic growth and action on climate change can be achieved together.
The New Climate Economy project was overseen by the Global Commission on the Economy and Climate. Chaired by former President of Mexico Felipe Calderón, the Commission is made up of 24 former heads of government and finance ministers, and leaders of businesses, cities, international organisations, and research institutions. The Commission was advised by a panel of 15 economists, all world leaders in their respective economic disciplines.
Today, it is the sacrifice economies and communities will increasingly have to make if the world fails to address climate change and the buildup of greenhouse gases.
The Trillion Tonne Communiqué (2014) is a global call to arms from businesses who take the science of climate change seriously and are demanding a proactive policy response.
The Carbon Price Communiqué (2012) made the case for setting a price on carbon emissions as one of the main building blocks of an effective and ambitious climate change policy framework.
The 2°C Challenge Communiqué (2011) called on governments to break the deadlock in the international negotiations and take action at a national level to ensure a successful transition to green growth and a climate resilient economy.
The Cancun Communiqué on Climate Change (2010) made it clear that the case for a comprehensive international framework to tackle climate change still stood after Copenhagen, and that the need for action was increasingly urgent. The signatories urged governments to redouble their efforts to achieve this framework and also to take necessary and appropriate mitigation actions in parallel with such efforts.
The Copenhagen Communiqué on Climate Change (2009) was signed by over 950 companies from 60 countries including the US, EU, Japan, Australia, Canada, Brazil, Argentina, Russia, India, China, Korea and South Africa; ranging from the world’s largest companies and best known brands, to small and medium-sized enterprises (SMEs).
The Poznań Communiqué (2008) was launched by the CLG ahead of the UN Climate Change Conference in Poznań, Poland. The Poznań Communiqué set out the key elements of an international deal on climate change and was endorsed by the business leaders of over 140 companies worldwide.
The Bali Communiqué (2007) was published by the CLG to governments gathering at the UN Climate Change Conference in Bali. CEOs from over 140 global companies signed The Bali Communiqué and it was published in a centre-page spread in the Financial Times and International Herald Tribune on the eve of the conference. It was an unprecedented move by business and received significant worldwide media attention.