Businesses, Investors, Cities, States and Regions come together to call on National Governments to Deliver New Ambitious Climate Action at the UN Climate Action Summit 2019

The statement urges national governments to align their Nationally Determined Contributions (NDCs) with the IPCC 1.5°C report, specifically calling for peaking emissions by 2020 and reaching net zero by 2050. It highlights the existing commitments of non-state actors—including over 900 companies, 9,000 cities, and hundreds of investors—as evidence that a zero-carbon transition is possible. The signatories demand specific policy interventions, including carbon pricing between US$40-100/tCO2-e by 2030, the elimination of fossil fuel subsidies, and the implementation of TCFD financial reporting recommendations by 2020.

• The document argues that achieving the Paris Agreement goals requires peaking emissions by 2020, halving them by 2030, and reaching net zero carbon emissions by 2050. This transition is estimated to potentially create over 65 million new jobs by 2030, avoid more than 700,000 premature deaths from air pollution, and generate economic benefits of USD 26 trillion.
• Significant climate action is already being led by non-state actors: over 900 companies (representing $19.3 trillion in market capitalization) have made over 1,400 commitments; over 9,000 cities and local governments (representing 800 million people) aim to reduce 1.3 billion tons of CO2 annually by 2030; and investors via The Investor Agenda and IIGCC manage combined assets exceeding $59 trillion.
• The signatories call on national governments to implement specific transformative policies, including setting carbon prices of US$40-80/tCO2-e by 2020 and US$50-100/tCO2-e by 2030, ending fossil fuel subsidies, and mandating TCFD-aligned financial reporting by 2020.
• The statement advocates for a 'just, fair, and inclusive transition' to mitigate job losses in high-emitting sectors. Proposed measures include using carbon tax and fossil fuel subsidy reform revenues to compensate those affected by structural change and expanding social protection policies.
• The document requests a renewed multilevel governance system that empowers subnational actors through direct access to climate finance, expanded credit lines, and the creation of a Green Cities Development Bank.

APA

We Mean Business Coalition (2019). Businesses, Investors, Cities, States and Regions come together to call on National Governments to Deliver New Ambitious Climate Action at the UN Climate Action Summit 2019. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/un-climate-action-summit/

Chicago

We Mean Business Coalition. Businesses, Investors, Cities, States and Regions come together to call on National Governments to Deliver New Ambitious Climate Action at the UN Climate Action Summit 2019. 2019. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/un-climate-action-summit/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=Businesses, Investors, Cities, States and Regions come together to call on National Governments to Deliver New Ambitious Climate Action at the UN Climate Action Summit 2019 |date=27 June 2019 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/un-climate-action-summit/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2019businesses, author = {{We Mean Business Coalition}}, title = {{Businesses, Investors, Cities, States and Regions come together to call on National Governments to Deliver New Ambitious Climate Action at the UN Climate Action Summit 2019}}, publisher = {We Mean Business Coalition}, year = {2019}, month = jun, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/un-climate-action-summit/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }