Paris Guidelines: Business Call to Action - We Mean Business Coalition

The We Mean Business Coalition argues that vague NDCs hinder the ability of the private sector to invest in a clean energy economy. The coalition calls for the standardization of data—including base years, target years, and IPCC methodologies—and requests clarity on the domestic legislation and financial measures intended to implement these targets to ensure a just transition and a predictable regulatory environment.

• Lack of clarity and transparency in NDCs makes it difficult for businesses to translate climate goals into real-economy actions, which may lead companies to invest in sectors other than the clean energy economy.
• To make mitigation targets intelligible, the coalition requests that Parties provide specific data including base and target years, sectoral and geographical coverage, the percentage of inventory emissions covered, and the IPCC methodologies and global warming potential (GWP) values used.
• Businesses require detailed information on the implementation of NDCs, such as planned legislation, regulation, and financial measures, to gain the confidence necessary to adopt more ambitious climate strategies.
• The coalition emphasizes that the standardization of communication regarding national and sectoral adaptation plans is more important to business investment and procurement decisions than the specific vehicle used for that communication.
• The document suggests that governments should link climate legislation with employment and social planning to facilitate a just transition for the workforce and the creation of green jobs.

APA

We Mean Business Coalition (2018). Paris Guidelines: Business Call to Action - We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/what-we-do/cop-and-other-events/cop24/paris-rulebook/

Chicago

We Mean Business Coalition. Paris Guidelines: Business Call to Action - We Mean Business Coalition. 2018. https://www.wemeanbusinesscoalition.org/what-we-do/cop-and-other-events/cop24/paris-rulebook/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=Paris Guidelines: Business Call to Action - We Mean Business Coalition |date=16 October 2018 |url=https://www.wemeanbusinesscoalition.org/what-we-do/cop-and-other-events/cop24/paris-rulebook/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2018paris, author = {{We Mean Business Coalition}}, title = {{Paris Guidelines: Business Call to Action - We Mean Business Coalition}}, publisher = {We Mean Business Coalition}, year = {2018}, month = oct, url = {https://www.wemeanbusinesscoalition.org/what-we-do/cop-and-other-events/cop24/paris-rulebook/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }