COP26 ASKS FROM BUSINESS
Summary
The We Mean Business Coalition calls on COP26 governments to commit to a 1.5°C trajectory, finalize robust Article 6 market rules, and ensure the delivery of $100 billion in climate finance for developing countries. The coalition emphasizes the need for a transparent Global Stocktake that includes private sector data and a clear process for establishing a Global Goal for Adaptation to build resilience across global supply chains.
Key insights
- Businesses urge governments at COP26 to commit to economy-wide net-zero emissions by 2050 and to reverse nature loss by 2030, supported by high-quality Nationally Determined Contributions (NDCs) that halve global emissions by 2030.
- The coalition requests a Global Stocktake design that is evidence-based, inclusive of non-Party stakeholders—specifically the private sector—and serves as a mechanism to raise 2030 targets in line with the 1.5°C goal.
- Regarding Article 6, businesses seek agreement on rules that prevent the double counting of emissions reductions and protect the environmental integrity of NDCs to incentivize private investment in cost-effective reductions.
- The document advocates for carbon pricing as a critical tool for deep decarbonization and calls for policies that reflect the full costs of climate change to support clean technology innovation.
- The coalition calls for the fulfillment of the $100 billion annual climate finance commitment for developing countries, with an equal balance between mitigation and adaptation, and a post-2025 goal aligned with 1.5°C investment needs.
- To address climate risks, the coalition asks governments to establish a clear process for a Global Goal for Adaptation and to collaborate with the private sector on National Adaptation Plans (NAPs) and supply chain resilience.
Cite the original document
- APA
- We Mean Business Coalition (n.d.). COP26 ASKS FROM BUSINESS. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/10/COP26_Asks_Oct.pdf
- Chicago
- We Mean Business Coalition. COP26 ASKS FROM BUSINESS. n.d. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/10/COP26_Asks_Oct.pdf.
- Wikipedia
- {{cite press release |author=We Mean Business Coalition |title=COP26 ASKS FROM BUSINESS |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/10/COP26_Asks_Oct.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{wemeanbusinesscoalitionndcop26, author = {{We Mean Business Coalition}}, title = {{COP26 ASKS FROM BUSINESS}}, publisher = {We Mean Business Coalition}, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/10/COP26_Asks_Oct.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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