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Warned of further economic headwinds by the Financial Stability Board and chastised for failing to implement the goals of the Global Biodiversity Framework by CDP , the various delegations spent much of the build-up to the summit lowering expectations on collective climate action.
A PWC survey published last week revealed that a majority of global CEOs expect climate change to have some degree of impact on their business in the next 12 months, particularly on their cost profiles and supply chains.
For example, companies may refer to becoming "carbon negative" or "climatepositive"; or that they seek to achieve "net-zero" or "net-negative" emissions or "deep decarbonization"; or that they plan to become "emissions-free" or achieve "zero emissions"; or that they are committed to a "1.5 degrees C pathway.". Target practice.
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