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The report asserts that new gas exploration, production, and LNG export terminals are incompatible with limiting global warming to 1.5°C. It highlights that existing fossil fuel infrastructure already threatens to exceed remaining carbon budgets and calls for financial institutions to immediately cease funding gas expansion across the entire value chain.

The briefing asserts that new gas exploration, production, and LNG export terminals are incompatible with limiting global warming to 1.5°C. It highlights that existing fossil fuel infrastructure already exceeds the remaining carbon budget for low-overshoot pathways and warns of LNG overcapacity. Consequently, it calls on financial institutions to stop presenting fossil gas as a transitional energy and to immediately cease financial services supporting fossil gas expansion.

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.

The document is a formal statement signed by a broad coalition of individuals, businesses, and civil society organizations calling for urgent government action to limit global warming to 1.5°C. It emphasizes that 1.5°C is a critical limit rather than a target and argues that current national pledges are insufficient to meet this goal. The signatories commit to a just transition and call for global emissions to be halved by 2030, highlighting the immediate impacts of climate change already visible in regions such as Pakistan, California, Europe, and Somalia.

The We Mean Business Coalition presents a series of policy asks across key sectors—including energy, transport, industry, and the built environment—to align global economies with a 1.5°C trajectory. The document highlights existing corporate commitments, such as the 900+ companies aligning with 1.5°C targets, and calls for government action on carbon pricing, the elimination of fossil fuel subsidies, and the implementation of just transition plans. It emphasizes that a green recovery from COVID-19 can boost GDP and employment while addressing the climate and biodiversity crises.

The document addresses the complexity of aligning NDCs with long-term mitigation objectives, noting that countries have not yet committed to the emissions reductions required to limit warming to 1.5°C. It aims to provide guidance for the 2025 next-generation NDCs to ensure they reflect the highest possible ambition and align with net-zero targets and LT-LEDS.