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30 Nov 2015

Climate Group (part of We Mean Business coalition)

277 companies & 144 investors call for clear, ambitious climate deal in Paris

277 companies with US$6 trillion in revenue and 144 investors with US$20 trillion in assets under management, called for a clear, ambitious climate deal in Paris next week and spotlighted eight policies in particular they believe will deliver it. The We Mean Business coalition, of which The Climate Group is a founding partner, presented a business brief aimed at helping governments that will be discussing a new climate pact at COP21 next week to better understand business needs and successes...To achieve this bold result, the Paris agreement must be clear, transparent and accountable, and progress must be tracked and made comparable with a full set of data under the same framework. The Climate Group is already leading this fundamental ask with the Compact of States and Regions – the first ever single, global account of greenhouse gas reduction targets made by state and regional governments...The We Mean Business companies call for strengthening adaptation mechanisms, to build more resilient economies and communities. It is also necessary to strengthen climate ambitions before 2020 with the Workstream 2 under the Durban Platform, which could guide this difficult process...