Today, more than 20 business and civil society leaders along with former heads of state and government officials, have sent a strong message to the European Union: it’s time to step up ambition on climate. These Leaders, including Paul Polman, Sir Richard Branson, Oliver Bäte, Emmanuel Faber, Isabelle Kocher, and Former President of Ireland Mary Robinson, have sent a letter to the EU’s Environment Ministers stressing the imperative of increasing ambition on climate action, and asking them to revise their 2030 and 2050 targets in line with net-zero by 2050 at the latest. They join other private sector leaders in recognising the critical point the world is facing in reaching this goal.
If global emissions do not peak by 2020, the promise of the Paris Agreement will not be kept. Their call comes ahead of the EU Environmental Council Meeting on October 9 and of the release of the Intergovernmental Panel on Climate Change’s Special Report on 1.5°C on October 8. This report is expected to emphasise the urgency of stepping up global ambition and increasing current Paris commitments.
It also comes on the heels of a number of critical global moments on climate and growing momentum from business, investors, consumers, activists and communities. From setting net-zero by 2050 targets to committing to ensure a just transition, business is taking action. But to encourage continued innovation and courageous leadership to stay under 1.5°C, the private sector needs strong enabling policies.
Business leaders are invited to join The B Team Leader and partner signatories in expressing support for raising the EU’s ambition on climate. Please contact Leah Seligmann, Director, Net-Zero by 2050, at email@example.com (US) or Emily Hickson, Senior Manager, Net-Zero by 2050, at firstname.lastname@example.org (EU) to learn more.
Read the full letter below.
4 October 2018
RE: Step up ambition in EU 2030 and 2050 targets
We, the undersigned, a collective of business and civil society leaders working to make a just transition to Net-Zero by 2050, urge you to ensure the EU’s climate ambitions will deliver the promise of the Paris Agreement.
From recent international summits to protests to breaking news, the message is loud and clear: the time to act on climate is now. Businesses, communities and an increasing number of governments are ready to step up, and they need you to join them. 492 global businesses have committed to Science Based Targets, and B Team companies have gone even further by committing to Net-Zero by 2050 goals.
Still, we anticipate the Intergovernmental Panel on Climate Change’s Special Report on 1.5 degrees will reveal the significant gap between our current action and action required. Current projections chart a 3°C rise above pre-industrial temperatures, where we would see a significant drop in food production, an increase in urban heat waves, longer droughts, fiercer hurricanes, more devastating wildfires and communities inundated by rising sea-waters.
We cannot do business under these conditions. It is clear the cost of inaction is greater than the cost of action. To stay within 1.5 degrees, developed economies like the EU, whose leadership is essential, must achieve a just transition to net-zero emissions by 2050 at the latest.
By setting this long-term target, the EU will set the direction of travel for all European businesses, giving clarity to business planning, helping drive innovation and decrease exposure to climate risks, whilst allowing us to grasp the tremendous economic opportunities that this transition presents.
We don’t have much time—2020 is the critical point for curbing carbon emissions if we are to achieve this goal.
We call on you to ensure the EU steps up its ambition and continues its role as a global climate leader:
- Increase ambition in medium (2030) and long-term (2050) targets
- Include a net-zero by 2050 target in the EU’s long-term strategy.
- In line with this net-zero goal and current progress, increase ambition in the EU’s 2030 target.
- Ensure these targets are aligned with a just transition to net-zero by 2050 emissions. This long-term vision must involve all stakeholders—from business, to workers and unions. Without this inclusive dialogue and planning, we will heighten inequality and instability.
We must keep the promise of Paris. We must deliver a net-zero greenhouse gas emissions economy by 2050.
Chair, The B Team
Vice-Chair, The B Team
General Secretary, International Trade Union Confederation
Sir Richard Branson
Co-Founder, The B Team
Founder, Virgin Group
Founder, Chairman and Co-CEO, Salesforce
President and CEO, UN Foundation
CEO, Safaricom, PLC
Former CEO, NRG Energy
Strategic Advisor, Pegasus Capital Advisors
Chairman and CEO, Danone
Convener, Mission 2020
Former Executive Secretary, United Nations Framework Convention on Climate Change
Founder and CEO, Thrive Global
Former Minister of Environment, Ecuador
Former President, WWF International
Chairman and CEO, EDF Group
Former Chairman and CEO, The Dow Chemical Group
Dr. Ngozi Okonjo-Iweala
Chair of Gavi, The Vaccine Alliance
Former Minister of Finance, Nigeria
Former Managing Director, World Bank
Chairman and CEO, Kering
President, Mary Robinson Foundation Climate Justice
Former President, Ireland
Co-Founder, The B Team
Founder, Zeitz Foundation
For more information or to arrange interviews, please contact Tyler Zang at email@example.com.