G20 Path to Net Zero by 2050
Summary
The We Mean Business coalition calls on G20 leaders to lead the transition to net-zero carbon economies by 2050, citing a potential US$26 trillion growth opportunity and 65 million new jobs by 2030. The statement advocates for the implementation of TCFD recommendations, updated NDCs, and a just transition that integrates the Solidarity and Just Transition Silesia Declaration.
Key insights
- The transition to a low-carbon economy presents a significant economic opportunity, potentially creating US$26 trillion in growth and 65 million new jobs by 2030, with net-zero emissions for heavy industries being technically and financially feasible by mid-century.
- A coalition of over 900 companies, with a combined market capitalization of $17.6 trillion, has made more than 1,400 climate commitments, including the adoption of science-based targets, 100% renewable electricity, and TCFD recommendations.
- The coalition requests that G20 leaders pursue net-zero emissions by 2050 consistent with the IPCC 1.5°C report, update their Nationally Determined Contributions (NDCs) by 2020, and support a just transition by incorporating the Solidarity and Just Transition Silesia Declaration into national plans.
Cite the original document
- APA
- We Mean Business Coalition (2019). G20 Path to Net Zero by 2050. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-path-to-net-zero-by-2050/
- Chicago
- We Mean Business Coalition. G20 Path to Net Zero by 2050. 2019. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-path-to-net-zero-by-2050/.
- Wikipedia
- {{cite press release |author=We Mean Business Coalition |title=G20 Path to Net Zero by 2050 |date=7 June 2019 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-path-to-net-zero-by-2050/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{wemeanbusinesscoalition2019g20, author = {{We Mean Business Coalition}}, title = {{G20 Path to Net Zero by 2050}}, publisher = {We Mean Business Coalition}, year = {2019}, month = jun, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-path-to-net-zero-by-2050/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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