Business calls for clear, bold climate direction from UN Summit

The We Mean Business coalition calls on governments to align their policies with the 1.5C warming limit to provide the clarity and confidence businesses need to invest in zero-carbon technologies. The statement highlights that while nearly 1,000 businesses have made climate commitments and over 190 are transitioning to 100% renewable electricity via RE100, decisive government action is required to embed carbon costs into financial systems and phase out fossil fuel subsidies. Key policy demands include strengthened Nationally Determined Contributions (NDCs), the implementation of TCFD recommendations, and support for the deployment of solar, wind, and electric vehicle infrastructure.

• A significant number of businesses are already taking climate action, with nearly 1,000 companies making commitments through We Mean Business coalition partners and over 50 companies pledging to align targets with the 1.5C goal of the Paris Agreement.
• More than 190 companies have committed to using 100% renewable electricity through RE100, which generates an annual demand for 200 TWh of renewable power.
• Business leaders identify several critical policy areas necessary for a rapid zero-carbon transition, including the embedding of carbon costs into the financial system, the phasing out of fossil fuel subsidies, and the implementation of Task Force on Carbon Related Financial Risk Disclosure (TCFD) recommendations through regulation.
• Governments are urged to support the development and deployment of specific zero-carbon technologies, including solar, wind, electric vehicles, battery storage, charging infrastructure, and sustainable fuels, to empower corporate climate solutions.

APA

Austin, J. (2019). Business calls for clear, bold climate direction from UN Summit. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-clear-bold-climate-direction-from-un-summit/

Chicago

Austin, Jen. Business calls for clear, bold climate direction from UN Summit. We Mean Business Coalition, 2019. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-clear-bold-climate-direction-from-un-summit/.

Wikipedia

{{cite press release |last1=Austin |first1=Jen |title=Business calls for clear, bold climate direction from UN Summit |publisher=We Mean Business Coalition |date=16 September 2019 |url=https://www.wemeanbusinesscoalition.org/blog/business-calls-for-clear-bold-climate-direction-from-un-summit/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{austin2019business, author = {Austin, Jen}, title = {{Business calls for clear, bold climate direction from UN Summit}}, publisher = {We Mean Business Coalition}, year = {2019}, month = sep, url = {https://www.wemeanbusinesscoalition.org/blog/business-calls-for-clear-bold-climate-direction-from-un-summit/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }