🗣️ “Just because the board and sustainability team have signed off on a science-based target, that doesn’t mean that regulatory affairs, tax teams and lobbying firms are on board or have been told,” said our Deputy Director of Policy, @DominicGogol.
🔗 Read about aligning climate ambition and advocacy in 'US companies remain with associations despite divergence on climate' via @sustainviews here: https://t.co/8BKxYgeo5v
As heads of state prepare to meet at the #G20Summit in Rio de Janeiro, they have an opportunity to build on the progress from COP28 and galvanize policy negotiations at COP29 in Baku.
In a statement coordinated by We Mean Business Coalition and #Mission2025, business organizations and leaders from networks connecting more than 38,000 businesses around the world deliver a powerful message to G20 leaders.
🔗 Read the statement here: https://t.co/39hHcyJskT
#Mission2025 #FossilToClean #WMBC #COP29 #G20
At #COP29 in Baku, the spotlight is on lobbying — the efforts by corporations to shape climate policy. While some lobby for less ambitious action, the We Mean Business Coalition calls on world leaders to deliver global finance to drive ambitious, investible and equitable national climate plans that will drive private sector action and unlock investment.
Our #FossilToClean letter called for a phaseout of fossil fuels at COP28 where a historic commitment to a clean energy future was made.
Read about the power of lobbying and how we’re advocating for bold climate solutions via @ConversationUK: https://t.co/fwqrXlttKr
🔗 Discover tools for Responsible Policy Engagement: https://t.co/UdZoiStVO4
🆕 Brazil's new NDC sends a strong signal to international investors about the country's commitment to a sustainable future ⬇️
Andrew Prag, MD of Policy at @WMBtweets said “In addition to the economy-wide 2035 target, the NDC outlines objectives and tools for implementation in each sector. To ensure the NDC attracts scaled up private sector investment, Brazil will now need to implement these policies and tools. This involves transparent collaboration, robust financial frameworks, and targeted policies that align with global and domestic climate ambitions. Achieving these will position Brazil as a climate leader and a key destination for international climate finance.”
📢 Women are leading the charge on climate change at #COP29.
@Emiliyadotcom, climate editor of the @FT features on @BBCWomansHour before heading to @COP29_AZ to discuss the new initiative #WomenLeadingOnClimate.
Launched by Former Minister of Environment and Climate Change of Canada @cathmckenna and CEO of @WMBtweets@mendiluce, the group is pushing for representation in climate resolutions.
🎧 Listen from the start to hear more: https://t.co/EeL2kPWYw0
At the World Leaders Summit at #COP29, the UK’s Prime Minister @Keir_Starmer has announced a landmark #NDC target, signalling UK climate policy leadership to other governments. Business applauds the clarity of this ambition and looks forward to details on how it will be implemented.
📢 @InfluenceMap have released their annual Climate Policy Engagement Leaders Report. We are pleased to see that roughly half of the companies identified in the report are also supporters of the #FossilToClean campaign.
As our CEO @mendiluce says, climate policy engagement from business is important now as governments set their #NDCs on the road to #COP30 ⬇️
Read the report here: https://t.co/98LnAlfmpd
🚨📢NEW: The 2024 Global Leaders Report has landed!
Our annual stock-take of positive corporate advocacy for the climate.
Here are three key takeaways 1/🧵
[If you can't wait: https://t.co/C1DLODt2wu]
I will be at #ClimateWeekNYC with @wmbtweets to highlight the #RPEFramework & our new resources which help companies be responsible corporate advocates https://t.co/3SHOdlTZfV
📢 Message me if you want to meet for a coffee in NYC & discuss how your company is practicing RPE!
🆕 The new national climate plans and strategies governments have agreed to deliver by early 2025 must accelerate each country’s transition from #FossilToClean and close the gap to limiting global heating to 1.5C.
Launched today: support our call for ambitious and investible #NDCs ➡️ https://t.co/6qPlXPAuq5
After years of lobbying against EU electric vehicle proposals @VW now complaining EU hasn't done enough to create necessary EV infrastructure - almost beyond parody https://t.co/ykRjGjv1oO
This letter from Prof Michael Grubb (@MichaelGrubb9) is well worth a read on the five ways (at least) that markets are loaded against adequate action on climate change:
1) failure to (adequately) price CO2
2) capital mkt failure to appropriately price future
3) oil/gas insvt/sales are in $, facing no currency risk, but renewable invst faces cost of hedging
4) marginal power pricing is a self-hedge for fossil generation, but market-based renewable invst faces price risk (driven by volatile FF!)
5) benefits of cleantech innovation flow to wider economy, not those that spend to generate them
https://t.co/dzbului72f
@DominicGogol joined Aligning Associations with Climate Ambition to launch the 'Business Associations Climate Action Guide' for the purpose of raising awareness on the role of business associations in shaping climate 🔗 https://t.co/eUE8j2mxqI