WEF Alliance of CEO Climate Leaders open letter for world leaders gathering at COP29

In the run up to COP29 in Baku, the WEF Alliance of CEO Climate Leaders is publishing an open letter aimed at global public and private sector leaders, with calls for specific policies to improve the business case for climate action and spur investment:

• Develop ambitious, credible and investable Nationally Determined Contributions (NDCs)
• Scale up climate finance from billions to trillions and de-risk private capital flows
• Remove transition obstacles to deliver on COP28 pledges
• Support breakthrough technologies to reach commercial scale and complement cost-competitive solutions
• Governments cannot act alone: the Alliance calls on fellow businesses to commit strategically and financially to net zero
• Set science-based targets, disclose progress, and develop climate transition plans
• Increase cross-sectoral collaboration across value chains to support suppliers and partners on their decarbonisation journeys

The climate crisis is just one of many challenges facing us – from biodiversity and poverty to food systems and global health. What unites these issues is the need for urgent collaborative action to ensure a just and equitable transition and avert systemic shocks. We stand ready to collaborate with governments and peers to build on COP28 momentum at COP29 and beyond. By working together and taking the actions outlined in this letter, we can drive more impact on climate and avoid every fraction of a degree of warming.

Link to the full letter.