'The low-carbon transition is a strategic economic opportunity,' say climate CEOs ahead of COP31

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🗞️ Driving the news: The World Economic Forum’s Alliance of CEO Climate Leaders is urging governments and businesses to accelerate the low-carbon transition ahead of COP31, arguing that it offers strategic economic opportunities through cleaner energy, efficiency, resilient supply chains and emerging green markets

🔭 The context: The alliance represents more than 125 companies and organisations, with $4 trillion in revenue and over 13 million employees
• Between 2019 and 2024, members reduced their combined Scope 1 and 2 emissions by approximately 34%
• However, scaling solutions in hard-to-abate sectors still requires stronger demand, predictable policies, infrastructure and public-private financing

🌍 Why it matters for the planet: Faster deployment of renewables, electrification, energy efficiency and circular business models can reduce greenhouse gas emissions and reliance on fossil fuels
• Investment in adaptation and resilient supply chains can also help communities and businesses manage growing climate risks

⏭️ What’s next: Ahead of COP31, the alliance calls on governments to provide stable policy frameworks, mobilise climate finance, modernise electricity grids and support workforce skills
• It also urges companies to scale proven low-carbon solutions, strengthen supplier partnerships and use AI responsibly while managing its energy and water demands

💬 One quote: “The low-carbon transition is a strategic economic opportunity,” the Alliance of CEO Climate Leaders states in its open letter.

📈 One stat: Green revenues grew at an annual compound rate of 12% between 2020 and 2024—twice the rate of conventional revenues, according to the article.

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