The event took place on May 1, 2023 9:30 AM with a viewing online public. Open welcoming remarks by John Mc Arthur of Brooking's Center for Sustainable Development, a keynote address was delivered by Ms. Catherine McKenna, United High-Level Expert Group on the Net-Zero Commitment of non-state Entities.
A panel followed to discuss the issue, moderated by Sanjay Patnaik and was composed of: Helen Mountford, Climate Works Foundation; Catherine McKenna; and Carsten Stendevad, Bridgewater Associates.
To properly understand the role of the primary regulator, which I take to be the EPA, and business, who is being evaluated by standards the EPA sets forth, it would have behooved the participants to offer models from industry and show the extent to which there's synchronicity between the EPA's standard and how in say oil and gas industry, BP is attempting to meet it. As was explained by Ms. McKenna, there are intermediary targets set forth to the final net-zero carbon emissions in 2050. She explained in a general way that the Paris Accord has led to 2.4 degrees climate level above normal. But we aren't led to understand who's doing what; what problems the businesses encounter, and generally, how their plans work out in their particular industry. Specifically, I needed an exemplar or two to follow in order to understand what the EPA is doing! Indeed, I dare say, I hardly knew they were talking about the EPA, its function and successful implementation of their standards per industry. Instead, we as listeners were led to think the industry is doing quite well on its own!
Just too vague to enable me as a listener to know how the EPA is implementing its standards in order to regulate industry's commitment to net-zero by 2050. We need studies to know how the EPA is involved; and what's its interactions with the business community is.
I found a 2016 publication of BP that indicates some reference to EPA standards, e.g., for 2025. But still it is lacking in specificity as to how industry is reacting to the notion of standards with target dates for their satisfactory implementation.
Nevertheless, in the panel portion, Helen Mountford assured us industry is proceeding with its "tools," "rapidly being developed" when what we need to know is that its taking seriously the standards of the EPA for its industry to meet the 2050 mark. Is it that the EPA is failing to work with industries in fashioning target dates and atmospheric levels realizable? Or are the plans made by some polluter unable to meet the intermediary targets? We need to learn what's going on between the EPA as regulator and each industry emitting carbons! Examples of the dynamic interchanges toward the goal, please!