G20 leaders: time to lead on NDCs and finance
Summary
The We Mean Business Coalition urges G20 leaders to lead the global response to the climate crisis by delivering on COP28 agreements, specifically through the submission of sector-specific, 1.5°C-aligned NDCs and the mobilization of climate finance to catalyze private investment in developing economies.
Key insights
- Business leaders are calling for G20 countries to submit new Nationally Determined Commitments (NDCs) aligned with a 1.5°C limit and to reach an agreement on climate finance to increase support for developing nations.
- The coalition emphasizes that G20 leaders should accelerate the global transition away from fossil fuels, triple renewable energy capacity, and double the rate of energy efficiency deployment by 2030, as agreed in the UAE Consensus at COP28.
- The document outlines two primary demands for the COP29 outcome: the publication of sector-specific NDCs backed by investment policies and the reform of financial systems to meet the needs of developing economies.
Cite the original document
- APA
- We Mean Business Coalition (2024). G20 leaders: time to lead on NDCs and finance. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-leaders-time-to-lead-on-ndcs-and-finance/
- Chicago
- We Mean Business Coalition. G20 leaders: time to lead on NDCs and finance. 2024. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-leaders-time-to-lead-on-ndcs-and-finance/.
- Wikipedia
- {{cite press release |author=We Mean Business Coalition |title=G20 leaders: time to lead on NDCs and finance |date=16 November 2024 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-leaders-time-to-lead-on-ndcs-and-finance/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{wemeanbusinesscoalition2024g20, author = {{We Mean Business Coalition}}, title = {{G20 leaders: time to lead on NDCs and finance}}, publisher = {We Mean Business Coalition}, year = {2024}, month = nov, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g20-leaders-time-to-lead-on-ndcs-and-finance/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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