Towards climate-resilient development in and beyond Luxembourg

The OPC published its 2024 annual report on the interdependence between the climate system, the biosphere, and our wellbeing. Stronger collaboration is essential – through community empowerment and more integrated approaches to governance – to support this transition. The overarching societal goals should include achieving
net zero emissions by transforming production and consumption patterns and meeting human needs through regenerative practices that allow diverse life forms (biodiversity) to thrive across habitats and ecosystems. Here, private capital plays a key – though ambivalent – role.

The report focused on three interrelated priorities:
(1) Credibly measuring consumption-based GHG emissions as a necessary complement to production-based accounting;
(2.) Supporting a sustainable food system that respects biosphere integrity, biosphere boundaries and ensures ecologies resilience;
(3.) Aligning private capital to avoid structural misinvestment and instead finance regenerative, bio-diverse systems integrated with socio-economic structures and promoting socio-ecological equity.