On the occasion of 2 years ParisAgreement and the One Planet Summit
, IBA and a broad coalition of major global companies calls for accelerated climate action.
By signing this declaration, IBA and other companies call on G20 governments to use the G20 as a forum and national governments from other countries to join efforts in order to move forward and to implement the following measures:
1. Develop and implement long-term decarbonization strategies
2. Phase-out of fossil subsidies by 2025
3. Put a price on carbon that provides direction to investors and businesses
4. Take into account climate-related risks