Energy Transitions Commission’s Post

Latest insight briefing from the Energy Transitions Commission! An important read. Success in the low-carbon transition to date has been driven by industry’s response to ambitious government targets – accelerating deployment and driving down costs.  This paper highlights the need for government and industry collaboration to raise ambition in the next round of Nationally Determined Contributions – the “NDCs 3.0” due at COP30 to limit the impact of climate change. Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs (energy-transitions.org) #TriplingAmbition #CredibleContributions #NDCs

The Energy Transitions Commission have just published their latest Insights Briefing, #CredibleContributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs. Success in the low-carbon transition to date has been driven by industry’s response to ambitious government targets – accelerating deployment and driving down costs. This paper highlights the need for government and industry collaboration to raise ambition in the next round of Nationally Determined Contributions – the “NDCs 3.0” due at COP30 – to limit the impact of climate change. Download the full analysis here: https://lnkd.in/eRcKg27Y

The world needs much more ambitious “NDCs 3.0” to limit the impact of climate change. A real economy ambition loop means raising ambition will increase deployment and subsequently, increased deployment also raises ambition. More ambitious NDCs, and stronger links between targets and supporting policies at the national level, provide a clear direction of travel to industry and reduce market uncertainty, driving a reinforcing loop between government and industry. Accelerating this economy ambition loop has been, and will continue to be, a key success story of the energy transition. Read the full insights briefing on #CredibleContributions: https://lnkd.in/eQfdmpgj

We have just published our latest Insights Briefing, hashtag #CredibleContributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs. Success in the low-carbon transition to date has been driven by industry’s response to ambitious government targets – accelerating deployment and driving down costs. This paper highlights the need for government and industry collaboration to raise ambition in the next round of Nationally Determined Contributions – the “NDCs 3.0” due at COP30 to limit the impact of climate change. Read the full analysis: https://lnkd.in/eQfdmpgj

Exciting news! The WBCSD – World Business Council for Sustainable Development has released the Energy Climate Scenario Catalogue version 3.0 📖 This catalogue offers strategic insights into climate resilience and transition pathways for companies. It provides a comprehensive analysis of dependencies and uncertainties across various temperature and energy system outcomes. Covering variables such as investment, demand, emissions, capacity, cost, and price, the catalog helps companies compare scenarios over time, empowering them to make informed decisions. McKinsey Sustainability is proud to have collaborated with the WBCSD, providing methodological and technical support for this groundbreaking initiative. Learn more here ➡️ https://lnkd.in/eFP4Ag_e #McKinseySustainability

The current Nationally Determined Contributions – “NDCs 2.0” set in 2020 – do not reflect the reality of technology deployment required to accelerate the energy transition. The next round of NDCs can and must reflect the pace of technological progress and ambition implied by the delivery of COP28 commitments with clear targets and information, including investment required. This will help strengthen their role as roadmaps for climate progress. By reinforcing existing progress and defining absolute reduction targets covering all sectors & GHGs, the “NDCs 3.0” can accelerate climate progress in the right direction. Read more in our Insights Briefing #CredibleContributions: https://lnkd.in/eQfdmpgj

Exciting news! The WBCSD – World Business Council for Sustainable Development has released the Energy Climate Scenario Catalogue version 3.0 📖 This catalogue offers strategic insights into climate resilience and transition pathways for companies. It provides a comprehensive analysis of dependencies and uncertainties across various temperature and energy system outcomes. Covering variables such as investment, demand, emissions, capacity, cost, and price, the catalog helps companies compare scenarios over time, empowering them to make informed decisions. McKinsey Sustainability is proud to have collaborated with the WBCSD, providing methodological and technical support for this groundbreaking initiative. Learn more here ➡️ https://lnkd.in/efDq-2V9 #McKinseySustainability

As members of the Energy Transitions Commission, their latest briefing “Credible Contributions: Bolder Plans for Higher Climate Ambition in the Next Round of NDCs” showcases the opportunity to limit the impact of #ClimateChange by raising ambitions in the next round of Nationally Determined Contributions (NDCs) due at #COP30 in Brazil. Through industry and government collaboration and the #technology available, progress towards a #NetZero economy is both technically and economically possible. Download the report: https://lnkd.in/eQfdmpgj. #TriplingAmbition #CredibleContributions

Now is the time for governments to raise ambition in the next round of Nationally Determined Contributions – the so-called “NDCs 3.0” due at COP30 in Brazil to limit the impact of climate change. Rapid technological progress, and recent national and industry commitments must be reflected in “NDCs 3.0”. More ambitious NDCs, and stronger links between targets and supporting policies at the national level, provide a clear direction of travel to industry and reduces market uncertainty. However, ambition alone will not translate into progress. The “NDCs 3.0” must define: 1) clear and detailed roadmaps for implementation, 2) measurable, comprehensive and granular targets, 3) investable plans, especially in emerging markets. Higher ambition from government and industry collaboration is needed now to accelerate the energy transition and deliver climate progress. Read the full insights briefing on #CredibleContributions here: https://lnkd.in/e_f5dgcc