More than 100 CEOs and senior executives have shared an open letter to world leaders ahead of the UN Climate Change Conference 2024 (COP29).

The letter urges governments and the private sector to enhance collaboration to deliver on the Paris Agreement goals and address obstacles such as complex and inefficient policy, permitting and reporting frameworks.

In particular it would like to see development of credible and investable Nationally Determined Contributions (NDCs), the scaling up climate finance, removal of transition obstacles to deliver on COP28 pledges such as eliminating permitting burdens on eligible projects and building grid readiness, and greater support of breakthrough technologies to reach commercial scale and complement cost-competitive solutions.

The Alliance of CEO Climate Leaders represents $4trin revenues and 12 million employees and includes signatories from: Accenture, Arup, AstraZeneca, Banco Santander, Deutsche Bank, DHL Group, H&M Group, Hewlett Packard, Hitachi, Nestlé, Ørsted, PepsiCo, Syensqo, Unilever and Zurich Insurance Group.

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