10 things to know about this year’s G7
The G7 Summit in Hiroshima, 19-21 May, represents a pivotal moment for global cooperation and a commitment to building a resilient, equitable, and sustainable world for future generations.
“We need to halve global emissions by 2030 and become nature positive at the same time to tackle the climate emergency. We have the answers in our hands – we just need sharper action. The solutions to halve emissions by 2030 exist in all sectors and many are scaling exponentially. This is the moment to scale even faster and make a pull-in. The companies that realize that today are the winners of tomorrow”, says Johan Falk, founder of Exponential Roadmap Initiative.
This week, as governments meet for the UN’s Stockholm+50 conference, a consortium of the leading transformers and disruptors, all aligned with the 1.5°C ambition, are joining forces to accelerate action to zero emission and circular value chains.
“The good news is that climate action and demand for green energy is rising exponentially. But it is not sufficient, I hope S+50 will spur action towards a breakthrough tipping point to exit the fossil energy crisis and towards a net zero emissions world”, says Nigel Topping, UK UN Climate Change High-Level Champion.
“We are seeing huge momentum from businesses taking action to cut their emissions and calling on governments to support them to go further and faster. We have the solutions across energy and nature to halve global emissions by 2030. I hope S+50 can inspire businesses of all sizes and sectors – in collaboration with governments – to accelerate the scale up of these solutions at pace and leave no community behind”, says María Mendiluce, CEO of the We Mean Business Coalition.
Within the Stockholm+50 Climate Hub, the Exponential Race to Zero events, hosted by We Don’t Have Time, Exponential Roadmap Initiative, United Nations’ Race to Zero and We Mean Business Coalition, will showcase examples of leading innovative, disruptive and transformative companies taking climate action in line with science. The Exponential Race to Zero will be spread across four days, focusing on: Green Energy, Transport, Food & Land as well as digitalization- at the Exponential Climate Action Summit VI- Maximizing impact with digitalization– hosted by We Don’t Have Time, Ericsson and Exponential Roadmap Initiative.
“We Don’t Have Time gathers leaders from around the world to share climate solutions and thereby speed our necessary transition from a fossil-to a renewable economy. We hope our daily Stockholm+50 broadcasts reaching millions will inspire leaders within all sectors to act faster while we still have time”, says Ingmar Renzhog, Founder We Don’t Have Time.
The series of events will focus on the game-changers in energy efficiency, green energy, travel & transport, plant-based food, regenerative agriculture, protection & restoring of nature and maximizing positive impacts from digitalization. Through these events, we will identify concrete actions to remove the blockers to enable scaling up faster and further to COP27. It is a step-up on an exponential journey.
We are witnessing the start of the Green Energy revolution. It is time to go all-in on green energy and energy efficiency to simultaneously exit the fossil energy crisis, meet national and international climate goals, as well as benefit the natural world. Smart energy efficiency solutions can cut emissions in 10 million factories from today. Electrification through wind, solar, storage, hydrogen, e-fuels, supported by digitalization can take us to a world that runs entirely on renewable energy, much faster than we think.
In Transport, solutions exist now and around the corner to cut transport emissions by 50-90% before 2030, supporting net-zero goals.
We need to move to the next generation Food & Land value chains by 2030. The current food system is insecure and has a severe impact on climate and biodiversity. This is the time to accelerate the shift towards regenerative agriculture and healthier, plant-rich food, and protect and restore nature, to become Nature Positive by 2030.
The digital industry has a leadership role in racing towards net zero value chains, but also accelerating the movement to halve emission in all supply chains. Maximizing impact with digitalization is instrumental to halve emissions in all industries, to achieve the circular economy and to enable people and cities to make sustainable choices.
“Halving emissions by 2030 in the Race to Zero is required to stay close to 1.5°C. It is possible to cut 90% of emissions in many value chains but we need stronger policies and financial incentives to scale faster. It is urgent to immediately remove blockers, cut fossil subsidies, remove red tape on new infrastructure and embrace radical innovation. All companies and organisations should join the UN Race to Zero, take immediate action towards halving emissions by 2030 and spread this task throughout their value chains”. We can only reach net-zero together, says Johan Falk.
Don’t miss the Exponential Race to Zero at the Stockholm+50 Climate Hub:
The Exponential Race to Zero is a series of broadcasts between May 31st- June 2nd, hosted by We Don’t Have Time, Exponential Roadmap Initiative, United Nations’ Race to Zero and We Mean Business Coalition, within the Stockholm+50 Climate Hub.
We bring together leading transformers and disruptors – all aligned with the 1.5°C ambition – collaborating with peers towards zero emission and circular value chains.
Don’t miss the four days (below). See full STHLM+50 Climate Hub program. To join any sessions, email anna.almberg@exponentialraoadmap.org.
For interviews with Johan Falk, founder Exponential Roadmap Initiative, contact Anna Almberg, Press contact, Exponential Roadmap Initiative, anna.almberg@exponentialroadmap.org, +46709816782
Overview of the program
MAY 31
Exponential Race To Zero – Green Energy
Welcome to our first day of daily broadcasts during the Stockholm+50 week. Today’s theme, Green Energy, is part of the Exponential Race to Zero series— brought to you live from SPACE arena in Stockholm with world leaders like Arunabha Ghosh, Nigel Topping, Johan Rockström, and 1.5°C aligned front-runners like Ørsted, ABB, Alfa Laval, Vattenfall, Liquid Wind, Microsoft and Gurīn Energy.
JUNE 1
Exponential Race To Zero – Transport
Welcome to our second day of daily broadcasts during the week of Stockholm+50. Today’s theme, Transport, is part of the Exponential Race to Zero— brought to you live from SPACE arena in Stockholm with 1.5°C aligned front-runners like Polestar, H2 Green Steel, VIA, Scania, Alfa Laval, Havi, Scan Global Logistics and many others.
JUNE 2
Exponential Race To Zero – Food & Land
Welcome to our third day of daily broadcast during the week of Stockholm+50. Today’s theme, Food & Land, is part of the Exponential Race to Zero— brought to you live from SPACE arena in Stockholm with world leaders like Johan Rockström and Dr. Gunhild A. Stordalen and many others.
JUNE 3
Exponential Climate Action Summit VI – Maximizing impact with digitalization
Hosted by We Don’t Have Time, Ericsson and Exponential Roadmap Initiative
Welcome to our fourth day of daily broadcasts during the week of Stockholm+50. Today’s theme, digitalization, is part of the Exponential Climate Action Summit IV— brought to you live from SPACE arena in Stockholm with 1.5°C aligned front-runners like Ericsson, Google, BT Group, Netflix and many others.
The G7 Summit in Hiroshima, 19-21 May, represents a pivotal moment for global cooperation and a commitment to building a resilient, equitable, and sustainable world for future generations.
Across the two weeks, non-State actors offered a wide range of actions, announcements, and events across thematic areas. This included the launch of the African Cities Water Adaptation Fund, an African-led insurance commitment to provide cover for up to USD 14 billion in climate losses, and the Sharm-El-Sheik Adaptation Agenda in partnership with the COP27 Presidency.
The new Africa Carbon Markets Initiative (ACMI), which was inaugurated today at CO27, aims to support the growth of carbon credit production and create jobs in Africa.
This Yearbook of Global Climate Action, the sixth of the series, reviews the state and scope of global climate action in 2022.