Business calls for strong guidelines and increased climate ambition at COP24

The We Mean Business Coalition urges governments at COP24 to accelerate the transition to a low-carbon economy by setting bold targets and clear timelines. The coalition emphasizes the need for a just transition involving tripartite social dialogue and investment in worker retraining. Specifically, it calls for full government participation in the Talanoa Dialogue to update nationally determined contribution (NDC) targets and the creation of a strong Paris rulebook featuring a global stocktake, common NDC implementation periods, an enhanced transparency framework, and guidelines to protect carbon market integrity.

• The We Mean Business Coalition reports that over 830 leading companies, representing $16.9 trillion in market capitalization or 20 percent of global GDP, have made more than 1,350 climate commitments through its Take Action campaign.
• To achieve a just transition from a fossil fuel economy to net-zero emissions, the coalition argues that businesses must engage unions, workers, and communities, specifically through tripartite social dialogue and the integration of training and social security into decarbonization pathways.
• The coalition calls on governments to use the Talanoa Dialogue to signal increased ambition by updating nationally determined contribution (NDC) targets and long-term strategies, with leading economies aiming for net-zero emissions by 2050 at the latest.
• The coalition identifies four specific guidelines for a strong Paris rulebook to provide business clarity: a stakeholder-inclusive global stocktake, common implementation periods and target years for NDCs, an enhanced transparency framework, and guidelines to protect the environmental integrity of carbon markets.

APA

Harris, S. (2018). Business calls for strong guidelines and increased climate ambition at COP24. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-strong-guidelines-and-increased-climate-ambition-at-cop24/

Chicago

Harris, Samantha. Business calls for strong guidelines and increased climate ambition at COP24. We Mean Business Coalition, 2018. https://www.wemeanbusinesscoalition.org/blog/business-calls-for-strong-guidelines-and-increased-climate-ambition-at-cop24/.

Wikipedia

{{cite press release |last1=Harris |first1=Samantha |title=Business calls for strong guidelines and increased climate ambition at COP24 |publisher=We Mean Business Coalition |date=27 November 2018 |url=https://www.wemeanbusinesscoalition.org/blog/business-calls-for-strong-guidelines-and-increased-climate-ambition-at-cop24/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{harris2018business, author = {Harris, Samantha}, title = {{Business calls for strong guidelines and increased climate ambition at COP24}}, publisher = {We Mean Business Coalition}, year = {2018}, month = nov, url = {https://www.wemeanbusinesscoalition.org/blog/business-calls-for-strong-guidelines-and-increased-climate-ambition-at-cop24/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }