Courtesy : Money control

CEOs urge world leaders to ‘Do More Together’ in race to net-zero emissions

In an open letter to the world leaders, the CEOs proposed eliminating fossil fuels, cutting tariffs on climate-friendly goods, supporting first movers, and investing in climate adaptation.

A group of nearly 100 CEOs from across the world, including from India, on Thursday urged governments to take decisive action at the upcoming COP26 Summit at Glasgow to halve emissions by 2030 and reach net-zero by 2050.

In an open letter to the world leaders, the CEOs proposed eliminating fossil fuels, cutting tariffs on climate-friendly goods, supporting first movers, and investing in climate adaptation.

Hosted by the World Economic Forum, the Alliance of CEO Climate Leaders appealed to the governments and world leaders to leverage COP26 as their best chance to finalise concrete steps that would help businesses accelerate their emission reductions, scale up innovations and achieve a net-zero and nature-positive world by 2050.

“This letter sends a clear signal days before world leaders meet in Glasgow to agree measures that can safeguard our climate,” said Antonia Gawel, Head of Climate Action Platform at Geneva-based WEF, which describes itself as an international organisation for public-private cooperation.

These CEOs are committed to ambitious, and science-aligned climate action, and welcome bold policies to accelerate decarbonisation efforts around the world at the outset of this critical decade, Gawel added.