A new report from Alliance of CEO Climate Leaders and Boston Consulting Group (BCG) calls for “dramatic action” to cut emissions by 7% every year to 2030 to meet the Paris Climate Agreement goals.
The call from the CEOS comes as governments prepare for Cop28 later this month.
The report urges governments and businesses to implement shorter-term net-zero national and corporate commitments, faster deployment and funding of green technologies, and stronger global collaboration to ensure a just transition.
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World Economic Forum head of climate ambition initiatives Pim Valdre said: “The urgency and scale of the climate crisis demand immediate and coordinated action at a global level.
“The cost of inaction is simply too high, and our shared responsibility is to secure a sustainable and prosperous future for all.”
Boston Consulting Group global chair Rich Lesser commented: “The findings in this report are a wake-up call to the world, reaffirming that the status quo is no longer an option.
“Governments, companies and other stakeholders must act in lock step to meet our ambitious climate goals,” he added.
“It is our collective responsibility to build a more resilient and greener future for generations to come, and we are unwavering in our mission to make that a reality.”
