1.5ºC Now is the time

The We Mean Business Coalition asserts that a transition to a zero-carbon economy is achievable but requires stronger government intervention to accelerate. The document highlights corporate commitments across power, transport, the built environment, heavy industry, and land use, while calling for policies such as carbon pricing, the removal of fossil fuel subsidies by 2025, and the implementation of robust Article 6 rules under the Paris Agreement to drive systemic change.

• Businesses are calling for governments to implement specific policies to drive systemic change, including the mandatory adoption of Task Force on Climate-related Financial Disclosures (TCFD) recommendations, the establishment of a meaningful carbon price, and the total removal of fossil fuel subsidies by 2025.
• The We Mean Business coalition partners include over 1,000 companies with a combined market capitalization exceeding US$20.1 trillion, representing nearly 25% of the global economy with emissions equivalent to India's total annual emissions.
• Corporate action is accelerating across five key sectors: power (targeting 100% zero-carbon systems in the 2040s), the built environment (targeting net-zero by 2050), transport (calling for an end to internal combustion engine sales by 2030), heavy industry (targeting net-zero by 2050), and land use (promoting climate-smart agriculture).
• To ensure the transition is equitable, the document emphasizes the need for 'just transition' plans—including reskilling and social security—developed with workers and employers, as well as the implementation of National Adaptation Plans to protect vulnerable communities.
• At COP25, businesses urged governments to agree on robust Article 6 rules for the Paris Agreement to prevent double counting and ensure the environmental integrity of traded units, which would increase the efficiency of the transition.

APA

We Mean Business Coalition (2019). 1.5ºC Now is the time. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2019/11/COP25_Zcard_Web.pdf

Chicago

We Mean Business Coalition. 1.5ºC Now is the time. 2019. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2019/11/COP25_Zcard_Web.pdf.

Wikipedia

{{cite report |author=We Mean Business Coalition |title=1.5ºC Now is the time |date=December 2019 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2019/11/COP25_Zcard_Web.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{wemeanbusinesscoalition201915c, author = {{We Mean Business Coalition}}, title = {{1.5ºC Now is the time}}, institution = {We Mean Business Coalition}, year = {2019}, month = dec, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2019/11/COP25_Zcard_Web.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }