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International Companies Call for Reduction in Fossil Fuel Use and Climate Action

More than a hundred international companies called on world governments to work to reduce the use of fossil fuels and respect the goal of not increasing global temperature above 1.5 degrees Celsius.

The statement was signed by 131 companies whose business represents about $1,000 billion annually, including Bayer, Volvo, Decathlon, IKEA, Nestlé, Danone, Heineken, eBay and Unilever.

“Our companies are feeling the impacts and costs of increasing extreme weather events due to climate change,” the statement read. “We cannot achieve this transformation in a safe and effective way alone. Financial institutions, energy companies and governments all have a critical role to play.”

“As buyers and users of energy in the global system, we play an important role in sending a clear signal about our future energy use,” the companies gathered in the “We Mean Business” coalition wrote.

It is looking to halve carbon dioxide emissions over the current decade.

It is a goal that it says can be achieved by “tripping electrical capacity from renewable sources… and doubling energy efficiency deployment rates by 2030.”

Last year, on the occasion of the 27th edition of the United Nations Climate Change Conference in Egypt, 200 companies within the “We Mean Business” initiative put pressure on governments by calling on them to maintain their “commitment to limit temperature rise to 1.5 degrees Celsius and take action.” “to act quickly on this,” without calling for concrete measures.

Unlike last year, the statement was not signed by companies such as Microsoft, Saint Gobain and H&M.

2023-10-23 15:38:25
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