A coalition of 99 companies is asking political leaders to set targets for cutting greenhouse gas emissions and to establish a global carbon market.
Their blueprint for tackling climate change is being handed to Japanese Prime Minister Yasuo Fukuda ahead of next month's G8 summit in Japan. They argue that cutting emissions must be made to carry economic advantages.
The business leaders hope their ideas will feed through the G8 into the series of UN climate meetings that are aiming to produce a successor to the Kyoto Protocol when its current targets expire in 2012.
Companies involved include Alcoa, British Airways (BA), Deutsche Bank, EDF, Petrobras, Shell and Vattenfall.
About time someone took a stand