More than 100 CEOs and senior executives share an open letter for world leaders at COP27

An open letter from over 100 CEOs and senior executives to world leaders at COP27, calling for governments to raise climate ambitions, phase out fossil fuel subsidies, and align reporting standards to enable the private sector to accelerate the transition to net zero.

• There is a significant gap between current emissions projections and the levels required to limit global warming to 1.5 degrees Celsius. Emissions under current policies are projected to reach 58 GtCO2e in 2030, which is 25 GtCO2e higher than the essential limit. Even with the full implementation of unconditional Nationally Determined Contributions (NDCs), a gap of 23 GtCO2e remains.
• The Alliance of CEO Climate Leaders has committed to reducing annual emissions by more than 1 gigaton by 2030. Between 2019 and 2020, members reduced scope 1 and 2 emissions by an average of 22%, a rate that exceeded reductions in nations such as Brazil (13%), the USA (11%), Europe (8%), and India (8%).
• The Alliance calls on governments to accelerate the transition to net zero by reducing the 'green premium' of low-carbon technologies for hard-to-abate sectors. Proposed mechanisms include unlocking blended finance, such as guarantee mechanisms and concessionary lending, and integrating sustainability criteria into public procurement.
• To improve the competitiveness of sustainable technologies, the Alliance urges governments to implement carbon pricing and phase out fossil fuel subsidies in a just manner. They also advocate for simplifying regulations and speeding up permitting processes to scale existing solutions.
• The letter emphasizes the need for developed countries to meet and exceed the $100 billion commitment to support mitigation and adaptation efforts in developing countries. It specifically highlights the need for investment in the Global South for resilient supply chains, water, and healthy food systems using regenerative agriculture.
• The Alliance requests the alignment of global reporting and disclosure standards to ensure progress is accurately measured. They specifically call on the U.S. Securities and Exchange Commission (SEC), the European Commission, and the International Sustainability Standards Board (ISSB) to create interoperable and globally-aligned standards.

APA

World Economic Forum (2022). More than 100 CEOs and senior executives share an open letter for world leaders at COP27. https://www.weforum.org/stories/climate-action/cop27-alliance-of-ceo-climate-leaders/

Chicago

World Economic Forum. More than 100 CEOs and senior executives share an open letter for world leaders at COP27. 2022. https://www.weforum.org/stories/climate-action/cop27-alliance-of-ceo-climate-leaders/.

Wikipedia

{{cite press release |author=World Economic Forum |title=More than 100 CEOs and senior executives share an open letter for world leaders at COP27 |date=4 November 2022 |url=https://www.weforum.org/stories/climate-action/cop27-alliance-of-ceo-climate-leaders/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{worldeconomicforum2022more, author = {{World Economic Forum}}, title = {{More than 100 CEOs and senior executives share an open letter for world leaders at COP27}}, publisher = {World Economic Forum}, year = {2022}, month = nov, url = {https://www.weforum.org/stories/climate-action/cop27-alliance-of-ceo-climate-leaders/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }