Dear G20 Heads of State,
Every day, we are witnessing record-breaking weather events across the world. Wildﬁres, drought, exceptional heat waves and ﬂooding are impacting millions of lives as we speak. It is a heartbreaking reminder that exponential impacts require an exponential response.
For COP28, we call for courageous leadership and renewed collaboration to, once and for all, take a collective approach to reverse global warming. Delivering the Paris Agreement, the Global Biodiversity Framework and 1.5°C is not a target; it is a limit for the planet we all share.
As leaders from some of the world’s largest organizations, we know that the transformation to a net-zero, nature-positive and resilient future is the only way forward for our survival. It is also economically proﬁtable through innovation, technology and existing and future solutions. The sooner we act, the lower the costs — for people, companies, organizations and, most of all, the planet. Most of the technology already exists or is actively being prototyped and scaled, and there are ample possible solutions. We can see change unfolding rapidly in regions where governments have stepped up their support. We are energized by these movements and encouraged by the results and beneﬁts they are already reaping today.
Change is happening, but it is not yet at the speed and scale we need.
To pick up the pace, we need radical collaboration to change the way that current systems are set up. This includes investments, effective policies, regulations, laws and infrastructure. This will help level the playing ﬁeld, unlock the barriers to innovation and reform subsidies — to enable us to play a greater role in delivering fast and fair decarbonization and access to clean, affordable energy for all.
We stand ready to disrupt the status quo by participating in innovative coalitions with governments to accelerate transformations that are crucial for building a sustainable future for all.
We ask Heads of State to help us chart the path for delivering transformative outcomes across three key interconnected pillars of the economy:
1. Transform our energy systems
- At least triple renewable energy capacity by 2030, including increasing the share of renewable energy sources in global electricity generation to 70-90% by 2030;
- Ensure a just transition and phase out of fossil fuels in line with the scientiﬁc consensus on the global effort needed to limit warming to 1.5°C, which helps green the economy in a way that is as fair and inclusive as possible to everyone concerned, creating decent work opportunities and leaving no one behind;
- Transition heavy-emitting sectors by dramatically enhancing energy efficiency and making clean technologies the most affordable, accessible and attractive option in all regions by 2030.
2. Transform our relationship with nature
- Conserve what we have, halting deforestation and degradation by 2030, securing tenure and protection of Indigenous territories, encouraging sustainable land-use practices and decreasing ecosystem pressure from the agricultural sector;
- Restore what we’ve lost, revitalizing degraded ecosystems such as forests, peatlands and oceans, in turn boosting livelihoods, supporting biodiversity and sequestering carbon;
- Transform food systems by halving food wastage and loss, shifting diets to reduce strain on ecosystems and forest destruction, reducing emissions and increasing resilience.
3. Transform our ﬁnancial systems
- Deliver climate ﬁnance commitments, reshape incentives and urgently shift all global ﬁnancial ﬂows at scale to reduce emissions and facilitate climate-resilient, just and inclusive development;
- Ramp up ﬁnance and other support (including debt relief) for adaptation, provide new and additional funds to address loss and damage, simplify access to these funds and more effectively channel resources to the local level;
- Urge MDBs, IFIs and private investors to revise and adjust their investment plans and portfolios by 2030 to align with the Paris Agreement, including signiﬁcantly increasing the proportion of investments in renewable energy, and collaborate to create the enabling environment and pathways to unlock greater private investment.
Together, we can make COP28 the point at which we truly unleash our shared capacity to innovate for an equitable, net-zero and nature-positive future. It is not too late to decide together that we can course correct in order to achieve delivery of the Paris Agreement. COP28 must be the moment. The future of our children and planet depends on principled and courageous leadership.
Our ambition is high, and the role for governments is clear: we can build a better world when leaders everywhere commit to brave, collaborative action today. If we are courageous, we can use the Global Stocktake to shift behavior and norms to deliver lasting change for the wellbeing of people and the planet.
Together we can get ahead of the curve.
How will you choose to lead?
Alistair Phillips-Davies, CEO, SSE
Anand Mahindra, Chair, Mahindra Group
André Hoffmann, Vice-Chair, Roche Holding AG
Andrew Forrest, Executive Chair & Founder, Fortescue
Andrew N. Liveris AO, former Chair & CEO, Dow Chemical Company
Arianna Huffington, Founder & CEO, Thrive Global
Chandra N Chandrasekaran, Executive Chair, Tata Sons
Christiana Figueres, Co-Founder, Global Optimism
Cristiano Teixeira, CEO, Klabin
Dimitri de Vreeze, CEO, dsm-ﬁrmenich
Dr. Mo Ibrahim, Founder & Chair, Mo Ibrahim Foundation
Eliot Whittington, Director, Corporate Leaders Group
Emily Shuckburgh, Director, Cambidge Zero
Erik Fyrwald, CEO, Syngenta Group
Ester Baiget, President & CEO, Novozymes
Eva Zabey, CEO, Business for Nature
Gonzalo Muñoz, High-Level Climate Action Champion for COP25
Guilherme Leal, Co-Founder & Co-Chair, Natura &Co
Halla Tómasdóttir, CEO & Chief Change Catalyst, The B Team
Hamdi Ulukaya, Founder, Chair & CEO, Chobani
Helena Helmersson, CEO, H&M Group
Hiro Mizuno, Special Advisor, MSCI Inc.
Isabelle Kocher de Leyritz, Former CEO, Engie; co-founder & CEO, Blunomy
Jacqueline Novogratz, Founder & CEO, Acumen
Jean Oelwang, Founding CEO & President, Virgin Unite
Jesper Brodin, CEO, Ingka Group (IKEA)
Jochen Zeitz, Chair, President and CEO, Harley-Davidson, Inc.
Jon Creyts, CEO, RMI
Joseph D. Kenner, President & CEO, Greyston
Kathy Calvin, Former President & CEO, United Nations Foundation
Lei Zhang, CEO, Envision Energy
Marc Benioff, Chair, CEO & Co-Founder, Salesforce
Maria Mendiluce, CEO, We Mean Business Coalition
Mark Schneider, CEO, Nestlé SA
Mark Versey, CEO, Aviva Investors
Mark Watts, Executive Director, C40 Cities
Mary Robinson, Chair, The Elders
Mats Granryd, Director General, GSMA
Nigel Topping, High-Level Climate Action Champion for COP26
Oliver Bäte, CEO, Allianz Group
Paul Polman, Business Leader & Campaigner
Peter Bakker, President & CEO, WBCSD
Sir Peter Gluckman, President, International Science Council (ISC)
Sadiq Khan, Mayor of London and Chair, C40 Cities
Dr Salvatore Aricò, CEO, International Science Council (ISC)
Sharan Burrow, Former General Secretary, International Trade Union Confederation (ITUC)
Sir Richard Branson, Founder, Virgin Group
Svein Tore Holsether, President & CEO, Yara International
Tara McGeehan, President UK & Australia, CGI
Walter Schalka, CEO, Suzano