More climate pacts. A group of companies, large cities and investment funds have joined together under the name of Mission 2025 to urge governments to accelerate their strategy to slow climate change. Grouped under the umbrella of Goundswell, a non-profit entity, the alliance will be led by Christiana Figueres, former UN diplomat and person in charge of overseeing the Paris Agreement in 2015.
According to data made public by the coalition, More than two-thirds of the annual revenue of the world’s largest companies, around $31 trillion, is currently dedicated to achieving climate neutrality. This is one of the main objectives of the Paris Agreement, the first global climate agreement.
The objective of Mission2025 is to support country governments to elevate their climate strategies. The group will provide the necessary data to justify the measuresfocusing on the twenty largest economies responsible for much of global emissions.
Mission 2025 will provide data to governments to justify climate actions
Figueres has warned of a “lack of leadership” in politics, which has generated insufficient measures to develop and promote cleaner and cheaper energy technologies. The diplomat has insisted on the importance of government measures, necessary to “give confidence to companies and other actors in the economy to invest more in the climate transition”.
The coalition has also highlighted the importance of that global leaders guarantee their plans to combat climate change. Countries must report to the UN every five years their emissions reduction targets, or nationally determined contributions (NDCs). The next round will take place in 2025.
The CEO of Unilever, Hein Schumacher, has assured that more ambitious climate plans will allow governments to “mobilize their economies in favor of decarbonization, while releasing new opportunities for growth”, as collected Financial Times.
