World • 30 January, 2020

World Economic Forum asks all Davos participants to set a net-zero climate target

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All companies coming to Davos have been asked to commit to achieving net zero carbon emissions by 2050 or earlier.

Image: REUTERS/Denis Balibouse

In a letter sent to company leaders on their way to the summit in Switzerland, Klaus Schwab, the Forum's Founder and Executive Chairman, and the heads of Bank of America and Royal DSM, say this year's meeting is a perfect opportunity to show leadership on climate change, WEF reports.

While the world continues to heat up, greenhouse gas emissions have continued to increase at 1.5% per year, whereas they must fall by 3-6% per year between now and 2030 is needed to limit global warming to 1.5-2°C, according to the Intergovernmental Panel on Climate Change.

Climate action will be a key theme of this year's meeting, with the title of one session putting the challenge bluntly: Averting a climate apocalypse.

All Davos attendees have received a letter encouraging them to use the opportunity of the participation to make a commitment to act on climate change. 

Global net CO2  emissions pathways
Net zero - the path is clear, but not easy
Image: World Economic Forum/Boston Consulting Group
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