Work and Climate Change Report

Business Voices call for Net-zero Emissions Target at COP21, as well as Carbon Pricing and an end to Fossil Fuel Subsidies

The B-Team, a group of international business leaders, released an Open Letter to Christiana Figueres, Executive Secretary of the U.N. Framework Convention on Climate Change on Feb. 5, calling on governments to commit to a zero-net-emissions target for 2050 at the COP 21 talks in Paris in 2015. Further, they call for businesses and governments to adopt meaningful and effective carbon pricing; an end to all fossil fuel subsidies, and redirection of that capital to renewable energy solutions; and for businesses and governments “to ensure the benefits of responses to climate change flow to vulnerable and impoverished communities that suffer disproportionately from climate change and are least equipped to cope with its impacts”. In October 2014, the B-Team partnered with other business organizations (The Climate Group, Ceres, Carbon Disclosure Project, BSR, World Business Council for Sustainable Business and the Prince of Wales Corporate Leaders Group) to form the We Mean Business Coalition.