The We Mean Business Coalition sees an expiry date for coal

December 9, 2021

Two weeks after the conclusion of COP26, the significance of the Glasgow Climate Pact is becoming clear. 195 countries now agree that coal has an expiry date, even if that date is not yet agreed. For business, investments in fossil fuels are now far riskier because the market expects them to become stranded assets in the foreseeable future. That is a huge achievement.

Our partner the We Mean Business Coalition, which represents thousands of the world’s most influential businesses, welcomes the Pact as a vital step in efforts to implement the Paris Agreement.

However, the countries’ combined pledges currently do not go far enough to limit global temperature rise to the Paris Agreement target of 1.5°C. For this reason, the We Mean Business Coalition is calling for immediate action to get 1.5°C out of “intensive care” and to fast track the implementation of all pledges and national plans.

Business has been heard

The deal agreed in Glasgow provides businesses with an important framework to bridge the gaps in ambition on mitigation, adaptation and finance.

It underscores the resilience of the Paris Agreement and the power of multilateralism to achieve shared aims. It also represents crucial progress in creating a space for business to drive investment and innovation. This, in turn, will give governments the confidence to ratchet up their plans, take rapid, concrete action and implement emission reduction policies.

Ahead of COP26, more than 750 businesses, employing 10 million people globally and with US$2.7 trillion in annual revenue, wrote to G20 leaders with a set of clear policy asks. The details of the Glasgow Climate Pact clearly demonstrate that the voice of forward-looking business has been heard. But there is still much work to do.

Supporting vulnerable communities

In addressing the climate crisis, it’s vital that business plays an integral role in building stronger, fairer and more resilient economies that leave no one behind. Transforming our economies in line with the Paris Agreement means business playing its part in supporting vulnerable communities and all those affected by the impacts of climate change.

Business is ready to help implement the Paris Agreement and the Glasgow Climate Pact rapidly this decade. We must do so in a way that is transparent, accountable, accelerates emission reductions, enhances resilience, protects and restores nature, creates a just transition for workers and protects communities.

Time for bold national policies

The We Mean Business Coalition welcomes that, for the first time, governments recognise the importance of phasing down coal and removing fossil fuel subsidies. However, to limit warming to 1.5°C, coal-fired power generation must be phased out by 2030 for advanced economies and 2040 for other countries.

The momentum and pledges made at COP26 must now be used to trigger the bold national policies needed to halve global emissions by 2030, reach net-zero by 2050 and keep 1.5°C within reach.

More information:

https://www.wemeanbusinesscoalition.org/blog/the-glasgow-climate-pact-for-business-ambition-action-and-collaboration/

Partner

We Mean Business Coalition
https://www.wemeanbusinesscoalition.org/

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Young people aren’t waiting for the just energy transition. They’re making it happen. 🌍💡 All over the world, a new generation is coming forward with bold ideas and community-driven solutions for a fairer climate future. There’s a young advocate pushing for transparency around mining in the Philippines. Friends are bringing solar power to a remote village in the Peruvian Amazon. A young engineer is helping girls lead renewable energy solutions in Burkina Faso. These stories show what a just energy transition can look like when local communities lead the way. With our partner, the #YouthClimateJusticeFund, we’re proud to support youth-led initiatives that turn ambition into real change. 👉 Meet the young leaders behind these solutions: link in bio. 💬 Have a youth-led climate solution to highlight? Share it in the comments. #YouthForClimate #ClimateJustice #JustEnergyTransition Image credit: Youth Climate Justice Fund
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Young people aren’t waiting for the just energy transition. They’re making it happen. 🌍💡 All over the world, a new generation is coming forward with bold ideas and community-driven solutions for a fairer climate future. There’s a young advocate pushing for transparency around mining in the Philippines. Friends are bringing solar power to a remote village in the Peruvian Amazon. A young engineer is helping girls lead renewable energy solutions in Burkina Faso. These stories show what a just energy transition can look like when local communities lead the way. With our partner, the #YouthClimateJusticeFund, we’re proud to support youth-led initiatives that turn ambition into real change. 👉 Meet the young leaders behind these solutions: link in bio. 💬 Have a youth-led climate solution to highlight? Share it in the comments. #YouthForClimate #ClimateJustice #JustEnergyTransition Image credit: Youth Climate Justice Fund
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What can change when agriculture and energy are planned together? 🌱🌍 Food systems depend on more than crops and climate — they’re shaped by people, supporting services, and the systems around them. Written last year, this article brings together insights from work and partnerships across Eastern Africa, co-written by Judith Jacobs from #SNV, and our co-workers, Ahmed Sameh and Nico Janssen. Today, nearly 20% of the world’s energy use goes into food systems, yet many farmers still lack the power, infrastructure, and services they need to adapt and thrive. These five reasons explain why bringing regenerative agriculture and renewable energy together can help make food production — and rural livelihoods — more resilient. 🔗 Read the full article, link in bio. The Power for Food Partnership works across Kenya, Ethiopia, Uganda, and Rwanda to bring these connections into practice — linking renewable energy, regenerative agriculture, and cross-sector collaboration to support farmers and build more resilient, sustainable food systems. #IKEAfoundation #PowerForFoodPartnership #RegenerativeAgriculture #RenewableEnergy
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Did you know that methane emissions affect both the health of people and our planet? And here’s the fact we can’t forget: methane is 86x more potent than CO₂.But it’s also faster to remove from the atmosphere than CO₂ — meaning that reducing methane can deliver impact sooner. The good news? Solutions already exist, and with support from the IKEA Foundation, the #GlobalMethaneHub is helping scale effective ways to reduce emissions worldwide. 🔗 Spend a day with Henrique to learn more, link in bio. #IKEAfoundation #ClimateChange #ClimateAction
Did you know that methane emissions affect both the health of people and our planet? And here’s the fact we can’t forget: methane is 86x more potent than CO₂.But it’s also faster to remove from the atmosphere than CO₂ — meaning that reducing methane can deliver impact sooner. The good news? Solutions already exist, and with support from the IKEA Foundation, the #GlobalMethaneHub is helping scale effective ways to reduce emissions worldwide. 🔗 Spend a day with Henrique to learn more, link in bio. #IKEAfoundation #ClimateChange #ClimateAction
Did you know that methane emissions affect both the health of people and our planet? And here’s the fact we can’t forget: methane is 86x more potent than CO₂.But it’s also faster to remove from the atmosphere than CO₂ — meaning that reducing methane can deliver impact sooner. The good news? Solutions already exist, and with support from the IKEA Foundation, the #GlobalMethaneHub is helping scale effective ways to reduce emissions worldwide. 🔗 Spend a day with Henrique to learn more, link in bio. #IKEAfoundation #ClimateChange #ClimateAction
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•
Follow
Did you know that methane emissions affect both the health of people and our planet? And here’s the fact we can’t forget: methane is 86x more potent than CO₂.But it’s also faster to remove from the atmosphere than CO₂ — meaning that reducing methane can deliver impact sooner. The good news? Solutions already exist, and with support from the IKEA Foundation, the #GlobalMethaneHub is helping scale effective ways to reduce emissions worldwide. 🔗 Spend a day with Henrique to learn more, link in bio. #IKEAfoundation #ClimateChange #ClimateAction
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•
Follow
In a world full of noise and misinformation, credible voices matter more than ever. That’s why nearly 800 @IKEA co-workers applied to join the 2025 IKEA Foundation Ambassador Programme — a journey that connects them with the people and partners the foundation supports as they tackle real-world challenges every day. Ambassadors listen, ask questions, and learn from those closest to the issues — building understanding they bring back to their teams and communities, where awareness grows and perspectives begin to shift. In 2025, the programme: 🌎 reached five hubs across four continents 🇰🇪 launched the first-ever Super Hub in Nairobi 🌟 welcomed 169 new ambassadors 🌱 grew a global learning community of 550+ people in 30+ countries These numbers reflect a growing curiosity — a desire to understand how change really happens and to hear directly from those working closest to the world’s toughest challenges. None of this learning happens without the insight and generosity of our partners. Their leadership continues to inspire and inform us. With our strategy now in motion, we’re doubling down on #ClimateAwareness at a moment when it matters most — and supporting partners creating solutions for people and planet. For 2026, that energy is even stronger: nearly 1,000 IKEA co-workers applied, and we’re excited to welcome 161 new ambassadors, with 38 more joining our Alumni Hub. We’re proud of what last year set in motion, and looking forward to what comes next. #IKEAfoundation #IKEAFoundationAmbassador
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