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7th Low Carbon Technology Partnerships initiative (LCTPi)

Scaling impact and connecting business with policymakers for low-carbon solutions Conference - Brussels, Belgium

With a solid framework and clear agenda, LCTPi is a unique, action-oriented program that brings together companies and partners to accelerate the development of low-carbon technology solutions to stay below the 2°C ceiling. Led by WBCSD, LCTPi has gathered over 170 global businesses and 70 partners in the past two years to work collaboratively on the climate challenge. A PwC analysis shows that LCTPi targets 65% of the current gap to a 2°C emissions pathway. In addition, it could channel $5-10 trillion of investment toward low carbon sectors of the economy and support 20-45 million person-years of employment.

By COP21, each working group agreed a statement of ambition for the sector and developed near-term action plans to overcome key barriers. During 2016, the groups moved those action plans to implementation and the first outcomes were reported at COP22, in Marrakesh. During 2017, the groups will present their solutions to policy makers and engage in a dialogue around the policy support needed to scale these solutions at the pace that is required to meet the Paris Agreement. By facilitating the global scale up of solutions through concrete action, LCTPi will contribute to countries’ nationally determined contributions (NDCs). The initiative will continue to drive company engagement and deliver strong results so that countries can increase their ambition in 2018-20 when NDCs are reviewed.

This seventh global LCTPi meeting, organized in cooperation with the European Economic and Social Committee (EESC), will seek to demonstrate the progress that has been made since Paris, prepare for COP23 and focus on the actions that are being taken in Europe. Taking place in Brussels, the meeting will take advantage of gaining a deeper understanding of the challenges and opportunities for Europe and will facilitate a constructive dialogue between EU policy-makers and business leaders to support the deployment of low carbon solutions that will be key in the implementation of the Paris Agreement. Understanding the potential of these solutions is especially relevant in the context of the new EU Clean Energy package currently under discussion.