ISAP2024: Parallel Sessions 1 (PS-1) 1.5℃ Roadmap –Seizing Opportunities through Decarbonisation and Creating a Sustainable Future

Parallel Session 1 (PS-1)

23 July 2024
JST 15:30 - 16:30 (GMT+09:00)
Simultaneous interpretation

1.5℃ Roadmap –Seizing Opportunities through Decarbonisation and Creating a Sustainable Future

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Summary

This session discussed strategies to achieve the 1.5°C climate change target while improving the well-being of Japanese society. The session was started with an opening speech and introduction of the 1.5°C Roadmap, followed by one of the authors, who explained that there are many business opportunities on the path to the 1.5°C aligned emissions reductions in Japan, and that decarbonisation can contribute to achieving economic growth as well as to improve the human well-being. The first presenter introduced how digital technology can be used to manage the uncertainty of electricity demand and power generation, which enables the introduction of rooftop solar to multiple locations in an economically rational and speedy manner. The second presenter then introduced how efforts to transform existing business practices, including promoting teleworking and optimising supply chains, can lead not only to CO2 reductions, but also to cost reductions and solving other social issues. Finally, in the panel discussion, it was confirmed that businesses and citizens need to act together to take on the 1.5°C target as an opportunity, rather than a burden, and to bring about changes that will lead society in a better direction, while responding to the increase in electricity consumption due to digitalisation on both the supply and demand sides.

Key Messages

Accelerating the adoption of existing technologies and solutions, such as renewable energy, work style changes and supply chain optimisation, is crucial for decarbonisation. These actions are now economically viable and can enhance business performance by addressing both energy supply and demand effectively.
Harnessing renewable energy in rural areas, while engaging with local communities, can promote a decentralised social structure and boost resilience. This approach encourages business partnerships focused on local issues, revitalising the local economy, improving work-life balance and enhancing quality of life.
A shared societal vision for sustainability is essential. Governments must foster environments where companies contributing to sustainability are incentivised, enhancing their predictability. At the same time, citizens and consumers should support businesses that address these challenges and advocate for transformative change.