“American Business Act On Climate Pledge”
Nigel Topping, We Mean Business
London: We Mean Business welcomes today’s announcement from the White House on the American Business Act on Climate Pledge – and commitments made by 13 of the largest companies from across the American economy.
Businesses want a strong outcome at Paris because they want long-term certainty. They understand that a low carbon economy is a smart economy; it presents the best opportunities for growth, job creation, innovation and investment.
The low carbon economy is currently worth $5 trillion globally. Assets in these investments grew 60% in the last 2 years, and around 60 million new jobs will be created in renewable energy, clean technology and smart infrastructure over the next 20 years.
“The shift to a low-carbon economy is inevitable, irreversible and irresistible.” said Nigel Topping, CEO of We Mean Business. “Taking bold climate action is simply good for business.”
Governments, corporations and communities will all benefit from a “Paris Dividend” resulting from an ambitious climate agreement at COP21.
We Mean Business is currently working with over 230 companies and investors on a range of commitments to set ambitious emission reduction targets, put a price on carbon and RE100: a global campaign supporting major companies committing to 100% renewable power across their operations.
In September, more announcements and commitments will be made from businesses, investors and policymakers during Climate Week NYC.
We Mean Business is a coalition of organizations working with thousands of the world’s most influential businesses and investors. We have formed a common platform to accelerate the transition to a low-carbon economy in order to secure sustainable economic growth and prosperity for all.