Report: What are the business opportunities of COP26?
edie has today (28 April) published a new Explains guide detailing everything you need to know about this year's COP26 climate summit and how businesses can get involved and use the discussions to improve their approach to sustainability and the net-zero transition.
The new edie Explains guide has been produced with assistance from supporting partners Inspired Energy PLC and explains everything you need to know about the business opportunities of COP26.
It answers key questions such as: What is COP26? What are the summit’s aims and desired outcomes? How does the COP26 process work? And what is the business opportunity before during and after the talks?
The “COP” element of COP26 refers to the Conference of Parties – an annual mechanism established by the United Nations Framework Convention on Climate Change (UNFCCC) at the Rio Earth Summit in 1992. Through annual COP summits, the UNFCCC convenes more than 200 countries – referred to as “parties” – to discuss and agree to measurements to combat the escalating climate crisis. COP26, then, will be the 26th annual meeting of these parties.
It is also arguably the most crucial COP of them all. Nations are ramping up efforts to combat the climate crisis through raised ambitions and decarbonisation roadmaps.
While COP26 is a summit that will see political decision-makers discuss the future of climate action, there are key opportunities for businesses as well.
Already, almost one in three FTSE100 companies have signed up to the UN's Race to Zero campaign, designed to accelerate the adoption of net-zero targets ahead of COP26. According to the UK’s COP26 unit, FTSE100 signatories to Race to Zero represent a total market capitalization of £650m. This is before smaller businesses, non-listed firms and businesses covered by industry collaborations, like Water UK’s net-zero by 2030 roadmap, are accounted for.
However, there are less obvious ways that businesses can align with the global climate summit, and this edie Explains guide explains how businesses can harness the momentum of COP26 to boost their own long-term strategies, garner better reputations and set a trajectory to net-zero.
edie’s Countdown to COP26 event
Registration is now open for a brand-new edie event which aims to help businesses seize the opportunity of the UN's COP26 climate summit later this year, with a stellar speaker line-up including senior representatives from BEIS, ClientEarth, Green Alliance, We Mean Business and the High-Level Champions for Climate Action.
The event will include high-level keynote talks about how governments and businesses can elevate their climate ambition, action and advocacy; interactive panel discussions focused on key COP26 themes across energy, transportation and land use; and unique networking opportunities allowing for new connections and collaborations to be formed in the run-up to the talks.
Organised by edie’s award-winning content and events team, Countdown to COP26 will take place as a virtual gathering on Thursday 20 May 2021 – six months out from the crucial UN climate talks which are being held in Glasgow this November.
Tickets cost £99 for business leaders, professionals and individuals; and £399 for solutions providers and consultants.