CCXG global forum, September 2024, Andrew Prag

Presentation from the CCXG global forum

1. MAKING NDCS
INVESTIBLE:
BUSINESS PERSPECTIVE
Andrew Prag,
We Mean Business Coalition
CCXG Global Forum, 18 September 2024

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WE MEAN BUSINESS COALITION | WHO WE ARE
1x
Secretariat
7x
Founding
Partners
50+
Strategic and
Implementation Partners
16,000+
Global businesses
SINCE 2014, WE HAVE BEEN
GALVANIZINGGLOBAL BUSINESS
INTO CLIMATE LEADERSHIP
CONSISTENTLY BRINGING THE
VOICE OF AMBITIOUS BUSINESS
INTO POLICYMAKING

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wemeanbusinesscoalition.org
A CALL TO ACTION FROM BUSINESS
The NDCs call to action is available now at
wemeanbusinesscoalition.org/NDCs

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wemeanbusinesscoalition.org
•Ambitious andinvestible: NDCs need to close both ambition
gap andinvestment gap
•What is investible? Show what business needs from
governments throughout the NDC cycle
•Getting businesses engaged: many businesses have
previously not seen NDCs as directly relevant to business
•Making voices heard: Create a vehicle for strong business
advocacy on NDC development and implementation
•Building on momentum at COP28:
•The Fossil to Clean campaign, mobilised businesses worth $1.5tn
•The Corporate Climate Stocktake
WHY A BUSINESS CALL TO ACTION?

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wemeanbusinesscoalition.org
•Signal the stability and
direction of travel of the
policy environment in
which companies operate
•Increase business
confidence that NDCs will
be backed up by domestic
policies to drive
investment into the
transition
WHY DO NDCsMATTER
FOR BUSINESS?
WHY DOES BUSINESS
MATTER FOR NDCs?
•No transition without private
sector: investment will flow to
countries with most ambitious
and investible NDCs
•Strong advocacy from ambitious
business can really make a
difference to policy: track record
of We Mean Business campaigns

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wemeanbusinesscoalition.org
PILLARS OF THE BUSINESS
CALL TO ACTION FOR
AMBITIOUS & INVESTIBLE NDCS
Pillar 1: Put forward ambitious
NDCs
Pillar 2: Develop clear and
consistent policy frameworks to
implement NDCs
Pillar 3: Undertake transparent
and inclusive dialogue with
businesses

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wemeanbusinesscoalition.org
PILLARS OF THE BUSINESS
CALL TO ACTION FOR
AMBITIOUS & INVESTIBLE NDCS
Pillar 1: Put forward ambitious
NDCs
Pillar 2: Develop clear and
consistent policy frameworks to
implement NDCs
Pillar 3: Undertake transparent
and inclusive dialogue with
businesses

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wemeanbusinesscoalition.org
•To be investible, ambitious NDCs need to go
beyond clear targets, backed up by coherent
policy frameworks and continuous dialogue
•Next steps
•Businesses speaking up on the Call to Action at key
international moments (New York, G20 ministerials,
COP29)
•Going country-specific : focus notes for key
countries, bringing ambitious business voices to
regional convenings
SUMMING UP

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wemeanbusinesscoalition.org
The NDCs call to action is available now at:
wemeanbusinesscoalition.org/NDCs
Get in touch!
[email protected]