Business call to action for ambitious and investible NDCs

The We Mean Business Coalition argues that for NDCs to be 'investible', they must move beyond ambitious targets to include concrete implementation policies. The document proposes a three-pillar approach: setting ambitious economy-wide and sector-specific targets, developing consistent national and international policy frameworks, and establishing transparent dialogue between governments and businesses. It highlights that while renewable energy and electric vehicle adoption are accelerating, sectors like heavy industry and aviation require more targeted government intervention to overcome investment barriers. The report provides illustrative examples of successful policy-driven investments in India, Brazil, Sweden, the EU, and the US.

• To be considered 'investible', NDCs must provide a clear signal that governments will translate ambition into legislation and regulation, thereby encouraging the scaling of private finance.
• The coalition calls for NDCs to include absolute economy-wide emissions reduction targets for 2035 that align with 1.5°C and long-term net-zero pathways by mid-century.
• Governments are urged to set sector-specific targets for power, transport, buildings, industry, agriculture, forestry, and land use to provide the granular signals needed for private investment.
• Effective implementation requires a 'whole-of-government' approach, including national strategies, cross-government institutions to reduce silos, and the early involvement of finance ministries.
• International coordination is essential for decarbonizing globally-traded products like steel and aluminum to prevent carbon leakage and harmonize standards for low-emissions products.
• The report identifies a gap in current public-private collaboration, noting that governments often focus on national plans while companies focus on corporate plans, with limited joint problem-solving.
• The document highlights that over 70% of surveyed business leaders view government regulation as the most critical driver for accelerating the energy transition.
• The world spends at least $1.8 trillion annually on environmentally harmful subsidies, primarily for fossil fuel production and consumption, which need to be reformed to incentivize nature-positive solutions.

APA

We Mean Business Coalition (2024). Business call to action for ambitious and investible NDCs. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/09/WMBC_NDCs-call-to-action-16-09-24.pdf

Chicago

We Mean Business Coalition. Business call to action for ambitious and investible NDCs. 2024. https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/09/WMBC_NDCs-call-to-action-16-09-24.pdf.

Wikipedia

{{cite report |author=We Mean Business Coalition |title=Business call to action for ambitious and investible NDCs |date=September 2024 |url=https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/09/WMBC_NDCs-call-to-action-16-09-24.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{wemeanbusinesscoalition2024business, author = {{We Mean Business Coalition}}, title = {{Business call to action for ambitious and investible NDCs}}, institution = {We Mean Business Coalition}, year = {2024}, month = sep, url = {https://www.wemeanbusinesscoalition.org/wp-content/uploads/2024/09/WMBC_NDCs-call-to-action-16-09-24.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }