Achieving global green transformation: Towards a net zero society through appropriate evaluation of “Avoided emission”
Location: Japan Pavilion
Hosts: Ministry of Economy, Trade and Industry (METI) of Japan
Date: 14 November 2022
Time: 17:00 – 18:30 (EET)
Description: While the reduction of greenhouse gas emissions (Scope 1, 2 and 3) remains the top priority for business in line with net-zero targets, companies should also strive to accelerate global decarbonization efforts by delivering and scaling solutions that enable others to reduce emissions. This broader contribution of companies to the global Net Zero target has been defined as avoided emissions.
At this event, the latest status of the avoided emissions initiative being developed by WBCSD will be presented to the world for the first time. The initiative includes more than 40 of the world’s leading global companies, which together with academia and technical experts have developed a shared vision of how “Avoided Emissions” could be calculated and leveraged not only by companies but also by financial institutions and governments in their ambition to support and drive climate-aligned decision-making, innovation and purpose definition.
The session will be the opportunity to hear more about the upcoming avoided emissions guidance, which is due to be launched in early 2023, and will be followed by a panel discussion on how such a mechanism could best contribute to the sustainable achievement of global net zero emissions.
- Opening speech: Shinichi Kihara, Deputy Director General for Technology and Environment (Ministry of Economy, Trade and Industry of Japan)
- Keynote and WBCSD announcement: Dominic Waughray, Senior Advisor to the CEO, WBCSD
- Speech from next year’s chairs (UAE for COP28 and India for the G20)
- Panel discussion: Professor Jun Arima (University of Tokyo), Tatsuo Ogawa (Panasonic’s CTO), Megumu Tsuda (Hitachi’s Sustainability General Manager), Tony Rooke (GFANZ Executive Director, Climate Transition Planning and Sectoral Pathways) and Feng Chang (Managing Director, Head of APAC Sustainable Finance Advisory, Bank of America)
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