Alliance of CEO Climate Leaders Share Open Letter to World Leaders for COP28

Rhea-AI Summary

SAP: Alliance of CEO Climate Leaders Share Open Letter to World Leaders for COP28. The open letter emphasizes the urgent need for public-private collaboration to accelerate emission reductions and limit the global temperature increase to 1.5°C. The Alliance has set individual emission reduction targets amounting to an estimated 1.0 Gt CO2e by 2030, highlighting the crucial role of government support in overcoming regulatory, infrastructure, technological, and reporting challenges.

Originally published on World Economic Forum

This letter is being released ahead of COP28 by the World Economic Forum on behalf of the Alliance of CEO Climate Leaders.

NORTHAMPTON, MA / ACCESSWIRE / November 15, 2023 / Limiting the average global temperature increase to 1.5°C is at risk of slipping out of reach unless there is a rapid increase in public-private collaboration and action to accelerate emission reductions across global value chains. Our alliance members have made individual emission reduction targets amounting to an estimated 1.0 Gt CO2e by 2030 - as sustained human action to eliminate greenhouse gas emissions has the potential to alter society's course on climate. However, success is dependent on government support to overcome the following challenges:

• Complex and lengthy regulatory and administrative processes that slow the development of renewable energy projects and hinder the uptake of green and enabling solutions;
• Lack of suitable grid infrastructure with power networks unprepared to adequately integrate an increasing share of renewable energy;
• Technological constraints that delay efforts to scale up manufacturing capacity of early-stage decarbonization solutions;
• Limited harmonization and interoperability between reporting standards that diverge across sectors and jurisdictions.

Click here to continue reading on World Economic Forum

UN Climate Change Conference, COP28: United Arab Emirates from 30 November to 12 December 2023. Image: COP28 / UAE

View additional multimedia and more ESG storytelling from SAP on 3blmedia.com.

Contact Info:
Spokesperson: SAP
Website: https://www.3blmedia.com/profiles/sap
Email: info@3blmedia.com

SOURCE: SAP

View source version on accesswire.com:
https://www.accesswire.com/803740/alliance-of-ceo-climate-leaders-share-open-letter-to-world-leaders-for-cop28

FAQ

What are the emission reduction targets set by the Alliance of CEO Climate Leaders?

The alliance members have set individual emission reduction targets amounting to an estimated 1.0 Gt CO2e by 2030.

What are the challenges mentioned in the open letter?

The challenges include complex regulatory and administrative processes, lack of suitable grid infrastructure, technological constraints, and limited harmonization and interoperability between reporting standards.

When is COP28 taking place?

COP28 is scheduled to be held in the United Arab Emirates from 30 November to 12 December 2023.

How can I access the full open letter?

You can continue reading the open letter on the World Economic Forum's website.