We are in the middle of a climate emergency. Across the globe, societies, businesses, industries and our natural environment are under threat from current and future impacts of rising global temperatures caused by record levels of greenhouse gas emissions (GHG) in the atmosphere.
Global GHG emissions must halve by 2030 and reach net zero by 2050 to prevent a catastrophic impact on health, livelihoods, economic growth, food, water and human security, and vital ecosystems. But current global efforts by countries, cities, businesses and investors to reduce GHG emissions are not sufficient.
Urgent action is needed to reduce the emissions gap and build resilience to the current and accelerating impacts of climate change.
Our approach to solving one of the most important problems of our lifetime is to work closely with the private and public sectors to transition to net zero and help build resilience in the face of a changing climate. Leveraging the latest science, analytical approaches, technology and innovation, we help clients economically and effectively transition to net zero, preserve their competitiveness and protect the natural environment.
Service areas
- Net zero
- Nature-based solutions
- Mobilising finance and investment
- Climate Resilient Business (TCFD)
Net zero
Reaching net zero by 2050 is the only way we can give ourselves a more than 50% chance of avoiding a catastrophic climate breakdown. Because of this, committing to net zero is now a strategic issue for investors, companies and governments. But achieving net zero will require radical enterprise and supply chain transformation, including identifying and scaling emerging technologies and disruptive business models.
With expertise across climate change, strategy and business transformation, we can help you transition to a net zero future. By mapping clients’ carbon footprint and developing net zero targets and strategies, you can completely decarbonise while remaining resilient to any impact of future climate change.
Nature-based solutions
Nature-based business risks and natural solutions - enhancing natural sinks to sequester and store carbon - are seeing increasing interest from corporates, governments and society.
Many are also acknowledging the additional benefits of investing in nature for adaptation to the increasing physical impacts of climate change as well as the biodiversity benefits.
If you want to develop strategies for nature-based solutions, we provide technical strategy support, technical advice and due diligence, as well as technical advice to project developers looking to establish projects and attract finance.
Mobilising finance and investment
There is still a significant financing gap to find the US$1.5 trillion per year needed to combat climate change. It’s likely that most of this financing will need to come from the private sector, with the public sector making strategic, targeted contributions to incentivise private sector investment.
Innovative business models and market forces have made segments of the low-carbon economy increasingly competitive without public support. Investors are now keen to make their investments more ‘green’. This has led to some in the financial sector making ambitious climate finance commitments. But many realise that creating bankable opportunities requires in-depth expertise.
We help governments and international organisations plan and implement climate finance interventions. We also guide financial institutions as they take advantage of new financing and investment opportunities. Most importantly, we develop platforms to help public-private collaboration to accelerate climate financing.
Climate Resilient Business (TCFD)
Businesses need to adapt to changing policy, market and technology associated with the low carbon transition, as well as physical climate impacts.
We help clients assess exposure to these risks and opportunities under different climate scenarios, and formulate risk management strategies including decarbonisation and adaptation plans. We can also help disclose management of climate-related risks in line with the TCFD recommendations and the PRA supervisory statement to respond to increasing regulatory, investor and public expectations.
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Partner, Climate Finance and Net Zero, PwC United Kingdom
Tel: +44 (0)7738 845072
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