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The Carbon Trust has launched a new report at the London Stock Exchange titled Aim Higher: How can business help achieve the 1.5C ambition in the Paris Agreement?

The report highlights the crucial role of businesses in achieving a worldwide 1.5°C temperature reduction as outlined in the Paris Agreement, including a guide to the key steps in becoming a 1.5°C business.

Businesses will have a key role to play within this transition, reducing the emissions associated with their operations and supply chains. They will also be able to access new commercial opportunities through delivering products and services that are compatible with a prosperous, zero carbon future, as well as developing and deploying the negative emissions solutions that will be required later this century

You can learn more about the report here.

Additionally, in a recent article, BT’s Gabrielle Ginér explained why BT, Carlsberg Group and Tesco have become the first companies in the world to commit to science-based targets compatible with keeping global temperature rises to 1.5C. In that article she summarised, based on The Carbon Trust report, 10 key steps a business can take to put itself onto a pathway compatible with 1.5°C:1 Understand your carbon footprint 

Identify hotspots of emissions across the full value chain and identify opportunities for improved efficiency and cost saving.

2 Develop a roadmap to zero emissions 

Set out the practical steps required to deliver core products or services in a zero-carbon future.

3 Set science-based targets 

Use the best available climate science to align emissions reductions goals with the requirements of a 1.5°C pathway.

4 Invest in energy efficiency

Implement cost-effective opportunities to improve the efficiency of your buildings, fleet and industrial processes.

5 Switch to zero carbon electricity

Invest in on-site renewable electricity generation and switching to electricity tariffs backed up by guarantees of origin.

6 Move towards zero emissions transportation 

Understand options for vehicles powered by non-fossil fuel sources, such as batteries, hydrogen and biofuels.

7 Decarbonise heating and cooling

Replace existing fossil fuel sources of heating and cooling with more efficient or cleaner alternatives.

8 Take action in the supply chain 

Drive supplier emissions reductions, improving efficiency and performance, at the same time as exploring transformational changes.

9 Use an internal carbon price 

Implementing an internal carbon price can mitigate transition risks and improve decision making around investments.

10 Introduce options for negative emissions 

Explore the long-term potential to economically include negative emissions within a business model or supply chain.

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