Intended Nationally Determined Contribution (INDC) identifies the actions a national government intends to take under the climate deal to be agreed in Paris this coming December. Aggregated, the INDCs from all the countries form the basis of post-2020 global emissions reduction commitments that will be included in this agreement. As of Nov. 17, 164 countries out of 196 had communicated their intended contributions. This indicates that countries take the climate actions seriously. But an analysis of the submitted INDC suggests that, while representing a step towards a low carbon future, they come short of what is needed to achieve the stated objective of limiting a global temperature rise to less than 2°C. So, in order to strengthen the overall ambition of the agreement, the private sector, sub-national governments, civil society and other actors are being asked to make low-carbon, climate-resilient commitments of their own to complement these national contributions.
To answer that call, a large business coalition for climate change (400 CEOs of 65 countries) will convene at the Caring for Climate Forum to be held on Dec 7 and 8 at COP21. Concrete solutions from carbon pricing to responsible policy engagements will be discussed. Those engagements might offer some additional emission reductions but it is already clear that more serious reductions will be needed and fast enough to significantly modify climate change and its impacts on those the most affected.