With 1.5°C as the limit, COP27 outcome must signal the end of fossil fuels

The We Mean Business Coalition asserts that current government commitments are insufficient, putting the world on track for over 2.5°C of warming. The author calls for COP27 to translate G20 agreements into a science-based plan of action, emphasizing the need for a just transition away from all fossil fuels, streamlined permitting for renewables, and a reformed global financial system using ISSB standards as a baseline.

• Current government commitments, even if fully implemented, are insufficient to meet the 1.5°C limit and instead put the world on a trajectory for a temperature rise exceeding 2.5°C.
• The author advocates for a transition away from all fossil fuels, building upon the Glasgow Climate Pact's focus on phasing down unabated coal power.
• A specific financing initiative involving the US and Japan aims to mobilise $20 billion in public and private finance to assist Indonesia in closing coal power plants and accelerating its power sector's peak emissions date to 2030.
• The document emphasizes the necessity of reforming the global financial system and implementing disclosure standards based on the International Sustainability Standards Board (ISSB) to align finance with 1.5°C pathways.

APA

Mendiluce, M. (2022). With 1.5°C as the limit, COP27 outcome must signal the end of fossil fuels. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/with-1-5c-as-the-limit-cop27-outcome-must-signal-the-end-of-fossil-fuels/

Chicago

Mendiluce, María. With 1.5°C as the limit, COP27 outcome must signal the end of fossil fuels. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/with-1-5c-as-the-limit-cop27-outcome-must-signal-the-end-of-fossil-fuels/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=María |title=With 1.5°C as the limit, COP27 outcome must signal the end of fossil fuels |publisher=We Mean Business Coalition |date=18 November 2022 |url=https://www.wemeanbusinesscoalition.org/blog/with-1-5c-as-the-limit-cop27-outcome-must-signal-the-end-of-fossil-fuels/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2022with, author = {Mendiluce, María}, title = {{With 1.5°C as the limit, COP27 outcome must signal the end of fossil fuels}}, publisher = {We Mean Business Coalition}, year = {2022}, month = nov, url = {https://www.wemeanbusinesscoalition.org/blog/with-1-5c-as-the-limit-cop27-outcome-must-signal-the-end-of-fossil-fuels/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }