Major businesses have urged world leaders to raise their ambitions on climate action and act swiftly as the COP27 summit draws to a close this week.
The call from over 200 leading firms came amid concerns that the focus on a target to limit the average rise in temperatures to 1.5C may be softened as negotiators look to find agreement between rich and poorer nations.
The We Mean Business coalition, which aims to catalyse private sector action to slash emissions, said it was vital that governments uphold their pledges.
“Governments must strengthen their commitments and plans, and implement them without delay. Every fraction of a degree of global heating matters,” said the coalition.
“We need governments, starting with the world’s most advanced economies, to uphold their commitment to keep global temperature rise to 1.5°C and to move swiftly to its delivery.
“Thousands of companies, unions, investors, cities, states and regions are committed to 1.5°C, and already taking science-based climate action: delivering clean energy solutions, developing innovative finance mechanisms, and building the resilience of vulnerable communities. National leaders must demonstrate solidarity and decide where they stand.”