New Rochelle, NY, March 18, 2016 -- The historic climate agreement reached by more than 190 nations in December 2015 will require more than just the individual efforts of participating countries to meet their commitments to mitigate climate change. Too often overlooked is the crucial role the private sector, cities, states, regions, and societal groups are playing, and the major investments they are making to help ensure success of the Paris Agreement, as discussed in a Commentary published in Sustainability: The Journal of Record, a publication of Mary Ann Liebert, Inc., publishers. The article is available free for download on the Sustainability website until April 18, 2016.
Tom Kerr, Principal Climate Policy Officer, International Finance Corporation, World Bank Group, describes the types of monetary commitments -- totaling about $11 trillion -- that businesses, investors, cities and regions have made to help governments implement the Paris Agreement. These include switching to 100% renewable energy, "decarbonizing" investment portfolios, using internal carbon pricing, and supporting government pricing policies.
With the support of some countries, the United Nations, the World Economic Forum, the World Bank, and others, "non-state actors" have been able to take an active role in developing and implementing international climate initiatives. Tim Kerr calls attention to some of these and emphasizes the importance of them being well designed and that they have accountability. The current lack of standardized monitoring, reporting, and verification procedures for commitments by non-state actors hampers adequate assessment and review.
"Tom Kerr's view from the World Bank Group is crucial to heed as we look ahead from the discussions of the Paris Agreement to the actions needed to curb climate change," says Jamie Devereaux, Editor of Sustainability. "The Journal is proud to support his message of collaborative action and accountability."
About the Journal
Sustainability: The Journal of Record documents the implementation of sustainability programs in higher education and business, and provides the central forum for academic institutions, the business community, foundations, government agencies, and leaders of green-collar endeavors to share and learn about one another's progress and programs. It fosters collaborations among all stakeholders for attaining mutually supportive objectives. Complete tables of content and a sample issue may be viewed on the Sustainability website.
About the Publisher
Mary Ann Liebert, Inc., publishers is a privately held, fully integrated media company known for establishing authoritative peer-reviewed journals in many promising areas of science, medicine, and law, including Environmental Justice, Industrial Biotechnology, and Environmental Engineering Science. Its biotechnology trade magazine, GEN (Genetic Engineering & Biotechnology News), was the first in its field and is today the industry's most widely read publication worldwide. A complete list of the firm's 80 journals, books, and newsmagazines is available on the Mary Ann Liebert, Inc., publishers) website.