Scaling up climate action in the private sector: What can we learn from the Paris Agreement?

A robust, clear and ambitious set of corporate carbon reporting, accounting, target-setting and verification standards is important, as these will together guide corporate behavior and foster confidence in significant climate investment.

Mobilizing corporate climate finance is at least a $2.6 trillion challenge: that's the amount many expect private companies to step up to deliver the $8 trillion in global climate finance needed by 2030. $8 trillion represents a sixfold increase from 2022 levels. (Christina Hood, Compass Climate and Andrew Prag, We Mean Business Coalition, more at wemeanbusinesscoalition.org)