COP26: Statement from the We Mean Business Coalition

The We Mean Business Coalition calls on COP26 participants to align policies and finance with a 1.5°C trajectory, strengthen Nationally Determined Contributions (NDCs) to halve global emissions by 2030, and finalize robust rules for Article 6 of the Paris Agreement to prevent double counting of emissions reductions.

• The We Mean Business Coalition argues that to keep the 1.5°C goal reachable, governments must align policies and finance with this trajectory. This includes securing climate finance with an equal balance between mitigation and adaptation, implementing carbon pricing, mandating the disclosure of climate-related financial risks, removing fossil fuel subsidies, and accelerating the phase-out of coal.
• The Coalition calls for increased accountability and ambition regarding Nationally Determined Contributions (NDCs) and the Global Stocktake. Specifically, it requests that governments strengthen NDCs by COP27 in 2022 to aim for halving global emissions by 2030 and publish long-term implementation strategies by 2023.
• The document urges the finalization of robust rules for Article 6 of the Paris Agreement concerning market-based instruments. These rules must ensure environmental integrity, prevent the double counting of emissions reductions, and allow for the transfer of mitigation outcomes between Parties' NDCs to maximize cost efficiency.

APA

Knight, R. (2021). COP26: Statement from the We Mean Business Coalition. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/cop26-statement-from-the-we-mean-business-coalition/

Chicago

Knight, Robin. COP26: Statement from the We Mean Business Coalition. We Mean Business Coalition, 2021. https://www.wemeanbusinesscoalition.org/blog/cop26-statement-from-the-we-mean-business-coalition/.

Wikipedia

{{cite press release |last1=Knight |first1=Robin |title=COP26: Statement from the We Mean Business Coalition |publisher=We Mean Business Coalition |date=11 November 2021 |url=https://www.wemeanbusinesscoalition.org/blog/cop26-statement-from-the-we-mean-business-coalition/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{knight2021cop26, author = {Knight, Robin}, title = {{COP26: Statement from the We Mean Business Coalition}}, publisher = {We Mean Business Coalition}, year = {2021}, month = nov, url = {https://www.wemeanbusinesscoalition.org/blog/cop26-statement-from-the-we-mean-business-coalition/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }