In an eye-catching move, Nestlé joined 130 other industry giants to push for a game-changing move at the COP28 summit.
The big ask? Wave goodbye to fossil fuels! With a staggering $1 trillion in combined annual revenues, these companies are pulling out all the stops to hasten the switch to cleaner energy systems.
A Bold Timeline
The joint letter, published in October carefully orchestrated by the We Mean Business Coalition, doesn't mince words. These companies want a firm timeline for kicking fossil fuels to the curb. This means having 100% clean energy systems by 2035 for richer countries and financial support for developing nations to do the same by 2040 at the latest.
The chorus of supporters is impressive, spanning not just corporate giants like Nestlé, Heineken, IKEA, and Iberdrola, but also small and medium-sized businesses. The Call to Action is still open for signatures for any other companies looking to support it.
This united front underscores the widespread understanding that real progress demands a joint effort, where both corporations and governments step up to the plate.
COP28 Summit: The Make-or-Break Moment
As the countdown to the COP28 summit in Dubai begins, the urgency could not be more palpable. Scientific alarms are ringing loud and clear, signalling that the world's current trajectory falls far short of the Paris agreement goals set in 2015.
According to Reuters, “more scientists [are] warning that the world is not on course to avoid the worst impacts of climate change by meeting the goals of the 2015 Paris accord.”
Brace yourself for a heated debate at COP28 on the timeline for bidding adieu to fossil fuels.
Tensions are expected to run high as developing nations call for financial backing from richer countries to keep up with the pace of change.
A Collective Call to Action: Businesses Leading the Way
This collective push from industry heavyweights carries a strong message - the time to act on climate change is now. It highlights the critical need for collaboration between public and private sectors to ensure a sustainable future for our planet.
As the world looks to the COP28 summit for pivotal decisions, the resounding call to ditch fossil fuels may just mark the beginning of a monumental shift towards a cleaner, greener future. To stay updated on the latest developments in the global shift towards cleaner energy and the phasing out of fossil fuels, visit the We Mean Business Coalition's page.
Here is the Link to We Mean Business Coalition page to sign up and join the 130 companies. Understanding the urgent need for collective action is crucial in combating climate change. Join the conversation and be part of the solution.
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22 w
Yes, yes, yes 💚
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23 w
This is a significant and impactful stance.
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24 w
Thanks so much Nestles for the last global engagement and certification on your course on solving Nutritional challenges which are climate related challenges. There is much hope when such a long existing brand take part in solving climate issue on fossil fuels
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25 w
It's encouraging to see Nestlé and 130 other major companies rallying for a decisive move away from fossil fuels at COP28.
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25 w
We must shun away from the fossil fuels.
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@grace_njeri_804 As soon as possible so that we can evade extinction
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Amazing actions here by nestle
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@Kevin i definitely agree
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Nestle,You are the best!
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@rashid_kamau but lets hope its not for PR
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25 w
Good job Nestlé!
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25 w
Impressive action from nestle
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@esther_wanjiku_785 such commitment is commendable
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25 w
This race calls for the cooperation and coordination of all sectors, companies and government agencies
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@abraham_jok_atem i agree if all come together for a common goal achieving it will be swift ... so unity is crucial
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25 w
The urgency of the situation is clear, and it's heartening to see businesses taking a leading role in pushing for change.
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@george_kariuki its amazing to see that there are organizations out here who give priority to the people over profit
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25 w
🙏🌍💚
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This collective call for action, directed at the COP28, sends a powerful message about the need for a rapid & comprehensive shift towards renewable energy sources.
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@gorffly_mokua and if more global organizations join in the course the shift will happen sooner than we expected
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Yes!!! great action Nestlé!
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I hope Nestle's commitment on climate change alleviation is followed through and not a PR exercise
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@munene_mugambi i hope so too... let Nestle lead by example
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When big companies come together with a "common call", it raises so much hope that we are winning the race.
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@tabitha_kimani their is light at the end of the tunnel and if more companies join in the effort the impact will be greater
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25 w
A very important step by large impactful companies prior to COP28 - to push for an end date for fossil fuels.
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@Christina_Carlmark having a clear timeline will allow people to put more effort in ensuring the target is achieved Nestle is doing a good job and its commitment will be impactful
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@edwin_wangombe I agree it's good to have a timeline so that we can't keep postponing the matter to a later date these not time left.