About the Country

Argentina

Argentina’s NDC indicates a fixed level GHG mitigation target, expressed in tCO2eq; the country aims to not exceed net emissions of 483 million tons of carbon dioxide equivalent by 2030. On a conditional basis, with support from the international community, it estimates it could reduce that ceiling to 369 million tons of carbon dioxide equivalent in the same time frame. Sectors identified out in its mitigation efforts include: energy, industrial processes, agriculture, cattle, land use change, silviculture, and waste. The key entities involved in establishing its NDC were The Environment and Sustainable Development Ministry (established in 2015), and its National Cabinet of Climate Change (established in 2016). In addition to its overall emissions reduction goal, the country has also created several renewable energy specific goals: 12% of total electricity consumed to come from from renewable sources by December 31 2019; a minimum of 16% of total electricity consumed to come from renewable sources by December 31 2021; a minimum of 18% of total electricity consumed to come from renewable sources by December 31 2023; and a minimum of 20% of total electricity consumed to come from renewable sources by December 31 2025.

Argentina’s policies thus far have created the foundational structures for various envisaged programs to promote energy efficiency and the adoption of renewable energy sources. For example, the National Program for Rational and Efficient Use of Energy has been set up to house various energy efficiency programs related to monitoring energy use, reducing reduce the consumption of electricity and natural gas, and establishing efficiency standards, and direct various sectors to establish efficiency plans. The Regime for the National Promotion of the Production and Use of Renewable Sources of Electric Energy is a similar architecture for programs that will promote the use of renewable energy, setting renewable energy targets, establishing a fund for financing renewable energy projects, and defining minimum renewable requirements for large consumers.

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Commit to double energy productivity

Forward-looking companies are realising the transformational benefits of setting an ambitious energy productivity goal, while making a vital contribution in the transition to a low-carbon economy.

The benefits range from huge cost savings and improved energy security, to driving innovation throughout the company. And crucially, many companies are achieving an immediate impact on profitability as well as safeguarding future returns.

Companies can seize these opportunities by committing to double energy productivity through the EP100 initiative, brought to you by The Climate Group in partnership with the Alliance to Save Energy.

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Join the Low Carbon Technology Partnerships initiative

The Low Carbon Technology Partnerships initiative (LCTPi) is comprised of over 160 companies and 70 partners that are committed to accelerating the transition to a low-carbon economy.

Led by the World Business Council for Sustainable Development (WBCSD) and supported by We Mean Business partners, LCTPi offers a collaborative platform for businesses and policymakers to scale up deployment of business solutions to a level and speed that are consistent with limiting global warming to below 2°C.

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Commit to 100% renewable power

Forward-looking companies are harnessing the benefits of transitioning to 100% renewable power, including cost reduction, increased innovation and reputational gains.

By transitioning electricity needs to renewable sources, businesses are also playing a crucial role in driving the creation of a thriving, global market for renewable generation – a game-changer in reducing emissions.

Companies committed to 100% renewable power will be invited to join RE100 brought to you by The Climate Group in partnership with CDP. RE100 is a global, collaborative initiative uniting influential businesses committed to using 100% renewable electricity.

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Commit to implement the recommendations of the Task Force on Climate-related Financial Disclosures

Climate change poses serious risks to the global economy. Nonetheless, investors and financial markets lack clear and comparable information about which companies or assets are most exposed to this issue and which are best prepared.

To address this issue, companies are encouraged to commit to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD has published recommendations for reporting climate-related financial information in mainstream reports (annual financial filings).

Companies, investors and financial organizations globally are encouraged to implement the recommendations to allow a more efficient allocation of capital, improve the dialogue among all financial players and support a smooth and rapid transition to a low-carbon economy.

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Adopt a science-based emissions reduction target

Leading businesses recognise the opportunity – and the imperative – to be part of the low-carbon transition. Their future growth and competitiveness hinges on it.

By setting clear, ‘science-based’ emissions reduction targets, companies ensure their plans for carbon reduction meet the level of ambition needed to limit the increase in global average temperature to well below 2°C.

Science-based targets enable companies to play their part in achieving this goal while harnessing climate action as a driver of innovation, competitiveness, risk management and growth.

Companies can develop targets via the Science Based Targets initiative (SBTi). The SBTi is a collaboration between CDP, World Resources Institute (WRI), the World Wildlife Fund for Nature (WWF) and the United Nations Global Compact (UNGC).

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Commit to electric vehicles and charging infrastructure

The transport sector is the fastest-growing contributor to climate change, accounting for 23% of global energy-related greenhouse gas emissions. Electric transport offers a major solution in cutting millions of tons of greenhouse gas emissions per year, as well as curbing transport related air and noise pollution.

With businesses owning over half of all registered vehicles on the road, it is crucial that companies lead the shift to electric vehicles.

EV100 is a global initiative, led by The Climate Group, bringing together forward looking companies committed to accelerating the transition to electric vehicles (EVs) and making electric transport the new normal by 2030.

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Reduce short-lived climate pollutant emissions

Tackling ‘short-lived climate pollutants’ (SLCPs) – including methane, black carbon, tropospheric ozone or hydrofluorocarbons (HFCs) – is vital to reduce near-term global warming and improve human well-being.

Businesses taking action to reduce these emissions can deliver rapid and measurable benefits in air quality, public health and food security whilst also boosting economic growth and making a key contribution to global climate change mitigation efforts.

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Grow the market for the world’s most sustainable fuels

Low-carbon fuels have huge potential for increasing fuel efficiency, reducing costs and cutting emissions. And the time for creating a global market for these fuels has never been better.

below50, brought to you by the World Business Council for Sustainable Development(WBCSD), aims to create demand for low-carbon fuels and scale up their deployment by increasing the number of companies choosing sustainable alternative fuels. This will create cross-sectoral opportunities along supply chains, while addressing legislative and financial barriers to bring these fuels into the mainstream.

below50 brings together companies and organizations who commit to growing the global market for the world’s most sustainable fuels – that is fuels producing at least 50% less CO² emissions than conventional fossil fuels.

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Put a price on carbon

A growing group of forward-looking companies are using an internal carbon price to help manage climate risk and align themselves with the low-carbon transition.

Internal carbon pricing can not only help companies effectively combat climate change and meet bold emissions reduction targets, but can also encourage innovation, drive down costs and help ensure sustained economic competitiveness.

Leading businesses recognize this and are building a carbon price into their operations and investment decisions, as an effective way to future-proof profitability and help shape the evolving regulatory framework.

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Remove commodity-driven deforestation from all supply chains by 2020

The commodities soy, palm oil, beef, timber and pulp are wealth generators that feature in the supply chains of companies across economic sectors. By leading the agenda on how these commodities can be sustainably produced, forward-looking businesses are driving innovation, competitiveness and growth.

Business has the power to alter global demand for the agricultural commodities that are the primary drivers of deforestation and forest degradation. And with deforestation accounting for approximately 15% of the world’s greenhouse gas emissions, the need for action has never been more urgent.

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Commit to responsible corporate engagement in climate policy

A supportive policy framework is vital to give business the backing it needs in the transition to a low-carbon economy. This is why forward-looking companies are actively ensuring their policy engagement on key climate issues is aligned, transparent, and consistent.

The “Guide for Responsible Corporate Engagement in Climate Policy” sets out a program of action for companies wishing to demonstrate best practice in policy engagement.