Australia

Details

  • Service: Advisory, Risk Consulting, Climate Change & Sustainability Services, Topics, Climate Change, Economic Trends
  • Type: Business and industry issue
  • Date: 21/11/2012

Sustainable Insight

This series explores issues that are shaping the sustainability debate and may have a direct impact on business.

Sustainable Insight: Will Doha deliver a deal? 

The build-up to COP 18, the 18th Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) has been low-key and low on expectations. In this document, KPMG's member firms explore where the international political process on climate change got to in 2011 in Durban, South Africa.
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It summarises what is on the table at Doha through the lens of what is important and relevant to business.

 

Also, KPMG's International’s Special

Global Advisor on Climate Change and Sustainability, Yvo de Boer asks whether an international climate deal is still worth fighting for.

 

Key insights

  • Developing countries were insisting that the Kyoto Protocol must continue at all costs, while countries including Russia, Japan and Canada were equally adamant they would not get involved.
  • Important progress was made on the Green Climate Fund, which aims to mobilize US$100 billion a year to help developing nations cut emissions and adapt to the impacts of a changing climate.
  • There are three key 'gaps' in climate policy that must be filled to help the private sector have the confidence to invest in climate solutions at scale.
 

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Climate Change & Sustainability Services

KPMG works with clients to respond to sustainability, climate change and water issues to manage risk, create value and achieve competitive advantage.