Climate change represents the main threat for our present and future.
Impacts of the climate crisis will unpredictably increase in frequency and intensity. Overall environmental and economic pressures are constantly increasing, worsening social inequality and jeopardizing geopolitical stability, due to uncontrolled migrations and conflicts over resource scarcity. According to the Special Report on Global Warming of 1.5 °C, released at the end of 2018 by the Intergovernmental Panel on Climate Change (IPCC), we know that the world must reach net-zero GHG emissions by 2050 at the latest.
In 2020 the unprecedent pandemic is bringing down the global economy, thus revealing a great truth: current economic systems, that follow an “extractive” approach and produce high carbon emissions, are extremely vulnerable against exogenous stress factors and unable to preserve well-being in the long term.
It is not only a social and environmental matter; it is an economic matter too. According to the World Economic Forum, extreme events and the failure of climate change mitigation and adaptation have become the greatest global risks perceived by economic experts and the business community.
But we think we are still in time to turn this negative situation into one of the greatest drivers for starting a new, regenerative, inclusive and prosperous economy. The transition towards a low-carbon economy embodies today an unparalleled opportunity for all players to join an economic Renaissance that builds on climate resilience, prosperity, innovation and long-term sustainable development. The countries hardest-hit by Covid-19 in 2020 will need to relaunch their economies by activating unprecedented investments, and this could represent an incredible occasion to further accelerate the green transition.
This will depend on the choices we will be making during next months.
For the full success of this just transition, there is need for all actors to be involved and to take action. We need a disruptive, common Climate Call to Action to be put into practice in the next 10 years, involving business leaders, policy makers, academia, religious leaders, cities and civil society.
We know that the climate commitments undertaken by governments across the world – through the so-called Nationally Determined Contributions (NDCs) – are still insufficient.
Urgent action needs to be taken.
For these reasons, we hereby commit for a strong effort to shift our business models towards a Paris-compliant decarbonization path. Being aware that our commitments alone are not sufficient, we also demand Governments and International Organizations to do their part, leading the world to face the climate crisis.
CALL TO ACTION
We, leaders joining Parma Summit 2030, as responsible of organizations, realize that solving the climate crisis is the most important challenge of this century and therefore we commit to considering it a key factor in all our future decisions.
In particular, with this Pledge, we commit our companies and organizations to:
Furthermore, we ask Governments and International Organizations to: