Acceleration is needed to reach the goal of “Net Zero.” What Francesco Starace had previously emphasized on several occasions was reiterated at COP 27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), which took place in Sharm El Sheikh, Egypt from November 6 to 18, 2022. And in order to stress the need for greater commitment, the members of the Alliance of CEO Climate Leaders sent an open letter to world leaders attending the event. In the letter, which was signed on November 4 ahead of COP 27, the members of the Alliance of CEO Climate Leaders declared their firm belief that the ambitious climate targets can only be reached with the support of governments.
“The demonstration that a clear climate-related strategy and a constructive dialogue between companies and shareholders can lead to meaningful progress toward reaching Net Zero commitments in line with the Paris Agreement.”
Francesco Starace, Enel CEO
Starace was one of the signatories of the open letter. The Alliance of CEO Climate Leaders brings together more than 120 heads of major companies from different countries and industries. The large global community aims to keep the focus on the challenges deriving from climate change today and it actively supports the definition of the actions needed to drive the transition to a Net Zero economy. In the letter to the participants at COP 27, the Alliance of CEO Climate Leaders reaffirmed its willingness to “work alongside governments” encouraging them to set targets that are also sustainable in scientific terms to halve global emissions by 2030 and help the world reach “Net Zero” by 2050 at the latest. Accelerating this path requires “significant collaboration and shared responsibility between the private and public sectors.”
Starace also spoke at the session on “Getting it Done: Public-private Actions for Decarbonizing Road Transport,” which was held at COP 27 on November 16. Sustainable mobility was the focus of the session. 33% of city greenhouse gas emissions are due to road transport: it is therefore necessary for institutions and individuals to take urgent action and align business strategies and policies with the outcomes of COP 26. In his speech, Starace stressed the importance of actions that are functional to overcoming supply chain constraints: shortages in terms of materials and qualified personnel also contribute to slowing down the global energy transition. So, it’s not just a question of funding: “In addition to incentives, we must constantly adapt to how electric vehicles will transform habits and technologies,” Starace said in conclusion.
Enel editorial staff