"COP23 to show business is implementing the Paris Agreement", 2 Nov 2017

[T]he business community is steadily building the Paris vision of a resilient, low-carbon economy. Now 89% of the world’s largest, high-emitting companies have carbon emissions targets, with a fifth planning low-carbon strategies to 2030 and beyond. The over 620 companies which have committed to bold climate action as part of the We Mean Business coalition Take Action campaign have a total market capitalization of over US$15.5 trillion.The UNEP Emissions Gap Report 2017 concludes that countries’ nationally determined contributions (NDCs) must be enhanced in 2020 to ensure that the Paris Agreement goals can be met. Businesses have a key role to play in this, by implementing NDCs on the ground, and by innovating to open up new ambition in the future.

COP23 must lay the groundwork for the conclusion of the Paris rulebook at COP24, including rules on the global stocktake to take place every five years, transparency, accounting, markets, and resilience...[refers to Chongqing Changan, GM, Mercedes-Benz, Renault, Volkswagen and Volvo].