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We Mean Business Coalition at COP28

We Mean Business Coalition hosted the Business Pavilion for Climate Leadership in the Blue Zone, bringing an ambitious and coordinated business voice to COP28 in Dubai. 

COP28 marked the beginning of the end of the fossil fuel era and the first time in history that we have a global agreement to transition away from all fossil fuels in line with science.

COP28 statement | Policy asks | Fossil to Clean | Sponsors and partners

We worked with more than 20 partners and leading businesses across 50 events to drive ambitious policy outcomes and accelerated corporate climate action. Our message remains clear: Incremental change is not enough. We need to go all in at scale. Don’t wait for too late. 

All in means business and government collaboration on bold policies and incentives for climate action across all sectors to deliver a just transition from fossil fuels to economies powered by clean energy. It means well-regulated high integrity voluntary carbon markets. And it means support for companies of all sizes and geographies to reach net-zero.

See live recordings and business interviews from our COP28 Business Pavillion

On the ground at COP28

COP28 policy asks

COP28 is hosting the final political phase of the first Global Stocktake, assessing progress made since the adoption of the Paris Agreement and informs the next round of nationally determined contributions (NDCs) to be agreed in 2025. 

COP28 must signal an urgent course correction on climate change and the global economy’s fossil fuel addiction, sending a clear signal to all governments on the need to immediately implement climate policies.

Business calls on governments meeting at COP28 to: 

Land a global agreement  to phase-out unabated fossil fuels, in parallel with clean targets to triple renewable energy capacity and double the deployment of energy efficiency.  These are critical to inform countriesstrengthened, high quality NDCs by 2025 in line with a 1.5°C trajectory and halving global emissions by 2030. 

Agree a forward-looking outcome for the first Global Stocktake that signals the course correction needed to bring the global economy to a  1.5°C trajectory, and sets the scene for new, strategic forms of public-private partnership.

Progress towards a non-state actor accountability framework that supports greater recognition and accountability of business climate commitments and actions, drawing on the best existing target-setting and accountability initiatives and encouraging business climate leadership and action from companies at all stages of their journey towards net-zero. 

These outcomes must be underpinned by policies for:

  • accelerated financial flows towards 1.5°C and support for developing countries to transition,
  • alignment between policies on climate, biodiversity loss and nature, and
  • a just and equitable net-zero transition for workers and communities. 


Read our COP28 policy asks in full


Latest insights from COP28

Don’t wait for too late

Progress is happening. The opportunities are unmissable.

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Progress and opportunities

Fossil to Clean

Conditions are aligning for a historic shift. For the first time, at COP27, more than 80 countries rallied behind a call to phase-out all fossil fuels. In 2023, the EU and G7 committed to promote a global phase-out of unabated fossil fuels. 

Over 200 companies representing $1.5 trillion in global revenue are urging national governments to address the primary cause of climate change: burning fossil fuels.  Decisive action by business can help embolden policymakers to enact policies for phasing in clean solutions and phasing out fossil fuels on a science-based timeline.


Business action

Every business can act. Every business is a catalyst for change. Don’t wait for too late. 

Tools and resources

With thanks to all our COP28 Business Pavilion Sponsors and Supporting Partners

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COP27 Pavilion

Learn more about last year's Pavilion and its events.

COP27 Pavilion
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