The increased climate ambition of the Biden-Harris administration is a crucial correction to the deeply damaging approach taken by the last president. Over the past four years, business, cities and states, investors, and innovators have made good on the promise of “we are still in.”
Still, a partner in the federal government is fundamentally important.
I was pleased and proud to join the letter with the leaders of 11 other non-profit organizations focused on climate action to call on CEOs to focus not only on their strong and growing efforts, but also to use their voice to cement public policy and international climate diplomacy for ambitious action.
Last week’s report from UN Secretary General Antonio Guterres called a “red alert” on climate for the world, stating in clear terms that countries need to raise their ambition to achieve the necessary ambition of the Paris Agreement. Business is an essential partner in making this happen.
The rising tide of business action is crucial. Commitments to net zero, innovative technologies and business models, multiple industry and multi-stakeholder partnerships, and the flow of investment dollars to companies committed to a clean energy future is reason for optimism.
That will not be enough, however, without the kinds of public policy frameworks, requirements, and incentives that only government can deliver. Business leaders committed to a net zero future will have a faster and smoother road to that vision with the necessary policies in place.
Business stepped up to oppose the retrograde actions of the last administration. It is every bit as important to stand alongside the new administration and call for ambition to meet the moment.