Business networks from around the world have sent a united letter to G20 leaders during the COP29 climate conference in Baku.
The G20 countries are responsible for over 75% of global carbon emissions. As the leaders of the world’s largest economies convene at the G20 Summit in Rio, coinciding with the ongoing climate talks, the urgency for climate action has reached a critical juncture.
The letter states: ”Our global economy is dependent on well-functioning and resilient global supply chains, which are at risk through the increasingly frequent and devastating impacts of climate change. Addressing climate change, protecting and restoring nature, and transitioning to clean energy brings major opportunities for energy security, competitiveness, employment or livelihoods, and global stability. Business is ready to invest and mobilise behind ambitious NDCs which will transform real world economies.
G20 leaders can galvanize the negotiations at COP29 by recognizing the urgency of the climate crisis, defining a clear and unequivocal direction towards a phase out of unabated fossil fuels and accelerated growth of clean energy, and committing to climate finance for developing countries that will unlock multiples of private investment.”
On behalf of Nordic businesses, Climate Leadership Coalition was one of the first signatures of the letter.
More information: Tuuli Kaskinen, CEO, CLC, +358 505149752, tuuli.kaskinen(a)clc.fi
