‘As we approach COP28. It is paramount that we connect with governments to show that there is a path to net-zero and that we are fully committed to getting there.’
The Alliance of CEO Climate Leaders, a CEO-led community committed to net-zero, has signed an open letter calling on leaders from the private and public sectors to accelerate net-zero actions ‘for the benefit of society, public health, and the global economy.’
In the letter, the leaders call for a scale-up in investment in renewable energy and power networks, and the streamlining of permitting and regulatory processes. ‘While global investment in renewable energy reached a record $0.5 trillion in 2022, this is still less than a third of the annual investment needed towards 2030. Governments should therefore rapidly scale up renewable energy and invest in the required grid infrastructure including storage and supply chains, as well as energy efficiency,’ the leaders said.
The letter also calls for business leaders to raise their ambition on climate action by setting science-based targets and increasing the transparency of their emissions by publicly disclosing emissions data.
Ester Baiget, CEO of Novozymes and Co-Chair of the Alliance of CEO Climate Leaders said: ‘As we approach COP28, it is paramount that we connect with governments to show that there is a path to net-zero and that we are fully committed to getting there. We call on fellow private sector leaders to commit, and public sector leaders to pave the way for accelerated action.’
The Alliance of CEO Climate Leaders, convened under the World Economic Forum, comprises more than 125 CEOs from business across 12 industries and 25 countries. Leaders in the chemical sector come from several businesses including: BASF, Dow, and Solvay.