Global business leaders deliver climate action report to Brazilian authorities for COP30

Core Insights - A coalition of global companies has presented a significant report on energy transition to Brazilian authorities in preparation for COP30, emphasizing urgent policy needs and scalable solutions to expedite the energy transition [1][3] - The SB COP30 Energy Transition Working Group, chaired by Solvay, includes major companies like ExxonMobil, Microsoft, and Vale, aiming to represent a unified industrial voice for climate action and highlighting the private sector's potential to address 30-40% of global emissions through energy efficiency and sustainable practices [2][3] Group 1: Report Highlights - The report outlines the necessity for clear and stable policy frameworks to stimulate investment in low-carbon technologies [7] - It calls for accelerated funding for energy efficiency, electrification, and renewable energy sources [7] - The report emphasizes the importance of tailored strategies for high-emission sectors such as chemicals, steel, and cement, including carbon capture, utilization, and storage (CCUS) and clean hydrogen [7] Group 2: Industry Collaboration - The SB COP30 initiative, led by the National Confederation of Industry (CNI), represents over 40 million businesses across more than 60 countries, accounting for 77% of the world's GDP, and aims to develop policy recommendations that highlight the private sector's role in climate action [3][4] - The working group showcases the power of cross-industry collaboration, aiming to transform local solutions into global impacts amid geopolitical instability [4] Group 3: Solvay's Contributions - Solvay has provided case studies demonstrating real-world decarbonization efforts, including innovations like e.Solvay and bio-circular silica, showcasing how industrial innovation can facilitate climate progress [5] - The company is committed to achieving a carbon-neutral future by 2050, reflecting its dedication to sustainability and a just transition [8]