COP27 took place in the Egyptian coastal city of Sharm El Sheikh, attended by over 40,000 representatives from national governments, NGOs, businesses, community groups, think tanks and faith groups.
Just like last year’s COP26, we were there to highlight the work we are doing to address emissions across our value chain and encourage others within our industry to electrify at a pace in line with the Paris Agreement. We also called on governments to do more to rise to the climate challenge and ensure that the 1.5 degree target remains possible.
The big news for us this year is that we’ve joined the Accelerating to Zero Coalition as a founding member. Building on last year’s Glasgow Declaration on Zero Emission Vehicles which Volvo signed at COP26, the Accelerating to Zero Coalition addresses the need for an international platform for global zero tailpipe emission vehicle (ZEV) leadership. Through close collaboration, it aims to help create the right conditions to boost zero tailpipe emission cars and vans, including through the electrification of corporate fleets and the development of a comprehensive charging infrastructure.
It consists of a broad group of stakeholders committed to facilitating and increasing the pace of the transition to zero emission mobility. Members include not only manufacturers, but also major fleet buyers, investors, OEM suppliers, as well as countries, cities and regions. All are committed to helping ensure that 100 per cent of global new car and van sales are tailpipe emission free by 2040, and no later than 2035 in leading markets (Europe, China, Japan and the US). These are science-based targets for our industry aligned with the goals of the Paris Agreement.
