Many of the world’s largest companies are among hundreds of business leaders appealing to the G20 to collectively agree to strengthen their national climate targets at the pivotal G20 and COP26 talks. This is a We Mean Business Coalition initiative and Solar Heat Europe is a supporting partner.
Following the “code red for humanity” warning recently issued by the UN, the businesses, representing over US$2.5 trillion (£1.8 trillion) in revenue and employing more than 8.5 million people worldwide, signed an open letter to the G20 leaders. The signatories, which include Unilever, Netflix, Volvo Cars, Iberdrola and Natura & Co span sectors from power and transport to fashion and construction.
Businesses are urging the world’s biggest economies to deliver on the existing commitment to US$100 billion in climate finance annually for developing countries, to end fossil fuel subsidies by 2025 and to put a price on carbon.