The 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29) has taken place in Baku, Azerbaijan, where world leaders will meet to negotiate new measures and monitor the parties' progress towards the overall goal of the Framework Convention on Climate Change (UNFCCC). to limit climate change between November 11th and 22nd.
On November 13, the United Nations Institute for Training and Research (UNITAR), the Pacific Economic Cooperation Council (PECC) and Shanghai Climate Week released their first joint annual flagship report: ClimateTech In Focus: Innovations For a Greener Supply Chain in the Blue COP29 zone.
This year's report highlights ClimateTech's critical role in revolutionizing global supply chains towards environmental responsibility and efficiency through the engagement of an interdisciplinary team of over 70 ministers and C-level experts from academia, industry, finance, public policy and sustainability.
“The supply chain is a critical juncture where climate change, market forces, technology and economic interests converge,” said Nikhil Seth, United Nations Assistant Secretary-General and Executive Director of UNITAR, in the foreword: “Consistent with the mission of Putting at the United Nations “We are committed to exploring how climate technology can open up new leadership opportunities and create meaningful jobs.”
The report identifies key areas where ClimateTech can deliver significant emissions reductions by focusing on traceability, hard-to-reduce sectors and other immediate issues, while highlighting the importance of innovative financial models to bridge the gap between concept and market-ready solutions. Case Studies as Best Industry practices from different parts of the world.
Antonio Basilio, Chairman of the Philippine National Committee of the Pacific Economic Cooperation Council and Director of the APEC Business Advisory Council, as co-author of the report, mentioned: “ClimateTech is not a fleeting trend limited to labs; It is considered one of the most promising ways for humanity to combat climate change and advance sustainable progress.”
It also calls for a global collaborative effort involving investors, innovators, education institutions and businesses to realize the full potential of ClimateTech and ensure a sustainable and prosperous future.
“I firmly believe that through our collective efforts, ClimateTech will become a pinnacle of human wisdom and technological innovation, serving as a new engine for economic growth and sustainable development,” said lead author William Wang, the chief representative for Asia-Pacific Shanghai Climate Week and Director General of the Youth Council at the report launch event.
This report has engaged WeCarbon as a knowledge partner and is supported by dozens of leading organizations worldwide. The full report can be downloaded from the official UNITAR, PECC and WeCarbon websites.
Meanwhile, the release of the report also saw the first-ever panel discussion between major climate week organizers, the formation of a strategic partnership between Shanghai Climate Week and the Arab Youth Council for Climate Change, and the launch of the Climate Community Shanghai Climate Week as a global innovation network initiative .
