COP27: Get finance flowing in the right direction so business can cut emissions faster

The We Mean Business Coalition calls for the urgent delivery of the $100 billion annual climate finance commitment to developing countries and the implementation of market signals to steer private capital toward net zero. The coalition emphasizes the need for reforming fossil fuel subsidies, implementing carbon pricing, and mandating transparent, comparable sustainability reporting standards aligned with the International Sustainability Standards Board (ISSB) to prevent greenwashing and facilitate sustainable investment.

• The We Mean Business Coalition advocates for governments to fulfill the $100 billion annual commitment to developing countries and advance post-2025 climate finance plans to build international trust and address climate impacts.
• To align private finance and business decisions with the 1.5°C temperature limit, the coalition recommends providing coherent market signals through the reform of fossil fuel subsidies and the introduction of a meaningful carbon price.
• The coalition supports the use of Just Energy Transition Partnerships to channel private finance toward emissions reductions and equity, provided they are designed to avoid increasing national debt.
• Mandatory, transparent, and comparable sustainability reporting is presented as essential for investors to identify sustainable companies, track progress, and minimize greenwashing.
• The coalition urges the US and EU to align their climate reporting mandates with the draft standards of the International Sustainability Standards Board (ISSB) to create a global baseline and reduce the burden on companies.

APA

Mendiluce, M. (2022). COP27: Get finance flowing in the right direction so business can cut emissions faster. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/cop27-get-finance-flowing/

Chicago

Mendiluce, María. COP27: Get finance flowing in the right direction so business can cut emissions faster. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/cop27-get-finance-flowing/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=María |title=COP27: Get finance flowing in the right direction so business can cut emissions faster |publisher=We Mean Business Coalition |date=8 November 2022 |url=https://www.wemeanbusinesscoalition.org/blog/cop27-get-finance-flowing/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2022cop27, author = {Mendiluce, María}, title = {{COP27: Get finance flowing in the right direction so business can cut emissions faster}}, publisher = {We Mean Business Coalition}, year = {2022}, month = nov, url = {https://www.wemeanbusinesscoalition.org/blog/cop27-get-finance-flowing/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }