CEOs urge world leaders to take action at COP30

CEOs of some of the world’s biggest companies have published an open to letter to world leaders urging them to reignite climate progress at the upcoming COP30 conference.

The World Economic Forum’s Alliance of CEO Climate Leaders have urged both policy-makers and businesses to “scale the historic opportunity for returns, resilience and growth”.

The Alliance represents $4 trillion in revenues and 12 million employees in more than 130 companies.

In the letter the leaders said costs, combined with policy obstacles and uncertainties, fiscal pressures and geopolitical tensions, is slowing the transition.

“COP30 presents a pivotal moment for business and government to reignite progress towards a more resilient and environmentally sustainable economy,” they said.

The letter said policies remain fragmented and uncertain, with varying levels of ambition and urgency.

“This makes it harder for businesses to invest at the speed and scale required to slow the rate of temperature increase. Reducing emissions is only one part of the climate challenge, as many impacts are already locked in, making investment in adaptation and resilience critical.”