Businesses are unlikely to reduce carbon emissions to zero and deliver the Paris Agreement without ambitious and unequivocal targets set by governments, according to CEOs attending the Global Climate Action Summit.
The lack of clear, long-term government signals and supporting policies that can drive the transition to a zero emissions economy has discouraged the wider private sector from taking on the challenger to become more sustainable, they said.
Held in San Francisco, the summit has brought together leaders and people from around the world to “Take Ambition to the Next Level”, as well as celebrate the extraordinary achievements of states, regions, cities, companies, investors and citizens with respect to climate action.
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