With the imperative for swift and impactful climate action looming large, Volvo Cars, together with 130 global companies, has united with the We Mean Business Coalition in a resolute call to action ahead of the imminent COP28 summit.
Emphasizing the importance of the situation, our Global Head of Sustainability, Anders Kärrberg, underlined the necessity of phasing out fossil fuels as a crucial step in mitigating global warming and averting climate catastrophes:
“We know that phasing out fossil fuels is the only way forward if we are to limit global warming and keep people safe from climate catastrophe. But businesses cannot do this alone. Together with the We Mean Business Coalition, Volvo Cars calls on all Parties attending COP28 to seek outcomes that will lay the groundwork to transform the global energy system towards a full phase-out of unabated fossil fuels.”
In unison with 130 companies worldwide, boasting a collective annual revenue nearing $1 trillion, our joint letter implores the attendees at COP28 to commit to achieving 100% decarbonized power systems by 2035 in wealthier economies and to support developing countries in their endeavor to abandon fossil fuels by 2040. Volvo Cars and the We Mean Business Coalition are resolute in our belief that this decisive shift is an essential course of action amidst the escalating climate crisis.
We have already seen that collaboration is the way forward to a sustainable future, not just as a means of drastically reducing your business’s carbon footprint, but to put the pressure on the policy makers who can provide a top down solution for all businesses to follow.
As the global community gears up for the COP summit scheduled in Dubai on November 30 - December 12, it stands as a pivotal opportunity to lay the groundwork for a sustainable and secure future.
We urge all participating entities to prioritize initiatives that pave the way for a comprehensive transformation of the global energy system, thereby securing a safer and more sustainable future for generations to come.
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24 w
Thanks, I am proud to have a Volvo.
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25 w
Thank you Volvo!
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25 w
Great. Timeframe matters. I love your effort,actions,etc...as indeed time for concrete action is now if not yesterday.
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25 w
Great involvement by Volvo!
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Superb
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25 w
The COP28 summit is a critical opportunity to accelerate the transition to a clean energy economy.
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26 w
Superb! We should keep pressing for the phase out of fossil fuels.
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26 w
That's is the kind of engagements we want to see and hear from cop28,
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26 w
It's absolutely crucial that COP 28 performs as we need it to and does not just "cop out" - excuse the pun!
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26 w
COP28 is a crucial platform to drive this message home.
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26 w
It's amazing to see how Volvo is committed to make planet earth a better place to live
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26 w
Volvo cars are really determined .... Keep up the good work
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It is encouraging to see Volvo Cars taking a proactive stance on climate change by signing the We Mean Business Coalition's push for an end date for fossil fuels at COP28. It is essential that companies take responsibility for their impact on the environment and work towards sustainable solutions. Hopefully, more companies will follow in Volvo Cars' footsteps and prioritize the transition to a low-carbon economy.
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Hoping to see this treaty honoured by all signatories
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Volvo Cars, My dream's car.
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Great Volvo Cars!