WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28

The We Mean Business Coalition criticizes the draft Global Stocktake text at COP28, stating that the shift from specific phaseout options to a 'meaningless wishlist of optional actions' fails to provide the clear signal necessary for business transformation and the 1.5ºC goal. The coalition urges countries to reject the draft in favor of science-based actions that mandate the phaseout of fossil fuels to align with the Paris Agreement.

• The We Mean Business Coalition views the draft Global Stocktake text as a 'backwards step' because it replaces concrete fossil fuel phaseout options with optional suggestions, which fails to provide the certainty businesses need to accelerate the energy transition and maintain the 1.5ºC target.
• The coalition expresses concern over the transparency of the negotiation process, noting that the draft evolved from containing four options for fossil fuel phaseout to containing none.
• The coalition demands a COP28 outcome based on science that requires countries to work toward a total phaseout of fossil fuels to ensure the goals of the Paris Agreement are met.

APA

Davies, E. (2023). WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/wmb-response-to-draft-global-stocktake-text/

Chicago

Davies, Emma. WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28. We Mean Business Coalition, 2023. https://www.wemeanbusinesscoalition.org/blog/wmb-response-to-draft-global-stocktake-text/.

Wikipedia

{{cite press release |last1=Davies |first1=Emma |title=WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28 |publisher=We Mean Business Coalition |date=11 December 2023 |url=https://www.wemeanbusinesscoalition.org/blog/wmb-response-to-draft-global-stocktake-text/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{davies2023mean, author = {Davies, Emma}, title = {{WE MEAN BUSINESS COALITION’S RESPONSE TO DRAFT GLOBAL STOCKTAKE TEXT AT COP28}}, publisher = {We Mean Business Coalition}, year = {2023}, month = dec, url = {https://www.wemeanbusinesscoalition.org/blog/wmb-response-to-draft-global-stocktake-text/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }