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The document serves as an FAQ for an open letter initiative by the We Mean Business Coalition, targeting G20 nations. It outlines the necessity for G20 countries to increase their Nationally Determined Contributions (NDCs) to halve global emissions by 2030 and reach net-zero by 2050. The letter calls for specific policy shifts, including an immediate end to new coal projects, the removal of fossil fuel subsidies by 2025, and mandatory climate-related financial disclosures. It emphasizes the G20's unique responsibility given they represent approximately 90% of global GDP and nearly 80% of global greenhouse gas emissions.

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  • The initiative calls for an immediate stop to the development and financing of new coal projects, with a planned coal phase-out by 2030 in industrialized countries and by 2040 in other countries.
  • The letter demands that G20 nations align public finances with the 1.5-degree target, specifically by eliminating fossil fuel subsidies by 2025 and implementing meaningful carbon pricing.
  • There is a call for G20 countries to fulfill existing public climate finance commitments, such as the 100-billion-dollar promise for developing countries.
  • The document advocates for mandatory corporate disclosure of climate-related financial risks, opportunities, and consequences, referencing the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
  • The G20 is identified as a critical target for this action because its members account for nearly 80% of global greenhouse gas emissions and approximately 90% of global GDP.
  • Several G20 members have already increased their 2030 targets: the EU raised its reduction goal to at least 55% (from 40%) compared to 1990 levels, the UK increased its goal to 68% (from 53%) compared to 1990, and the US set a new target of 50 to 52% compared to 2005.

Cite the original document

APA
We Mean Business Coalition (2021). Offener Brief von Unternehmen an die G20. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/08/G20_2021_Letter_FAQ_DE.pdf
Chicago
We Mean Business Coalition. Offener Brief von Unternehmen an die G20. 2021. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/08/G20_2021_Letter_FAQ_DE.pdf.
Wikipedia
{{cite report |author=We Mean Business Coalition |title=Offener Brief von Unternehmen an die G20 |date=2021 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/08/G20_2021_Letter_FAQ_DE.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
BibTeX
@techreport{wemeanbusinesscoalition2021offener, author = {{We Mean Business Coalition}}, title = {{Offener Brief von Unternehmen an die G20}}, institution = {We Mean Business Coalition}, year = {2021}, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2021/08/G20_2021_Letter_FAQ_DE.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }

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