Why business and government must act on the IPCC climate change report

The document emphasizes the necessity of halving global emissions and reversing nature loss by 2030 to maintain the 1.5°C temperature limit. It highlights the role of nearly 700 companies in the Business Ambition for 1.5°C campaign and over 110 in the Climate Pledge as models for corporate action. The author calls for governments to provide clear policies, end fossil fuel subsidies, implement carbon pricing, and ensure wealthier nations provide $100 billion annually in climate finance to developing countries.

• To limit global temperature rise to 1.5°C, the world must halve carbon emissions and reverse nature loss by 2030.
• Significant corporate action is already underway, with nearly 700 businesses—representing $13 trillion in market value and 24 million employees—setting science-based targets via the Business Ambition for 1.5°C campaign, while over 110 companies participate in the Climate Pledge.
• Approximately 70% of the global economy has committed to reaching net-zero by 2050, and the US and EU are among the countries requiring collective emissions reductions of at least 50% by 2030.
• Governments are urged to implement transformational policies, including ending coal, scaling electric vehicles and renewable power, stopping fossil fuel subsidies, pricing carbon, and making climate-related financial disclosure mandatory.
• Wealthier nations must provide $100 billion per year in climate finance to enable developing countries to participate in the emissions reduction transition.

APA

Mendiluce, M. (2021). Why business and government must act on the IPCC climate change report. World Economic Forum. https://www.weforum.org/stories/climate-action/ipcc-climate-change-report-business-response/

Chicago

Mendiluce, María. Why business and government must act on the IPCC climate change report. World Economic Forum, 2021. https://www.weforum.org/stories/climate-action/ipcc-climate-change-report-business-response/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=María |title=Why business and government must act on the IPCC climate change report |publisher=World Economic Forum |date=19 August 2021 |url=https://www.weforum.org/stories/climate-action/ipcc-climate-change-report-business-response/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2021why, author = {Mendiluce, María}, title = {{Why business and government must act on the IPCC climate change report}}, publisher = {World Economic Forum}, year = {2021}, month = aug, url = {https://www.weforum.org/stories/climate-action/ipcc-climate-change-report-business-response/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }