G7 leaders: Business wants to work with you to build a clean energy future, here’s why

The We Mean Business Coalition and Stiftung KlimaWirtschaft call on G7 leaders to accelerate the clean energy transition by setting a 2030 deadline to end coal-fired power and domestic fossil fuel subsidies. The authors argue that a shift to renewables, including a target of 70% renewable electricity by 2030, would mitigate energy price volatility, create millions of jobs, and prevent stranded assets. They specifically advocate for scaled-up finance for energy efficiency and storage, common standards for renewable hydrogen, and the use of the proposed 'Climate Club' to support developing countries.

• The authors call for G7 leaders to establish specific deadlines for decarbonization, including ending coal-fired power by 2030 and stopping domestic fossil fuel subsidies by 2025.
• Increasing the rate of energy efficiency improvements could significantly reduce global energy consumption and provide substantial financial savings for households by 2030.
• The transition to clean energy offers significant economic opportunities, including the potential for 38 million global jobs by 2030 and a market for clean technologies exceeding USD 1 trillion annually by 2050.
• To support science-based emissions targets, the authors propose increasing renewable energy targets to 70% of electricity generation by 2030 and expanding green hydrogen production.
• The proposed 'Climate Club' is viewed as a potential tool for intergovernmental collaboration on energy and industry, provided it includes concrete measures and financial support for developing nations.

APA

Mendiluce, M., & Nallinger, S. (2022). G7 leaders: Business wants to work with you to build a clean energy future, here’s why. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/g7-leaders-business-wants-to-work-with-you-to-build-a-clean-energy-future-heres-why/

Chicago

Mendiluce, Maria, and Sabine Nallinger. G7 leaders: Business wants to work with you to build a clean energy future, here’s why. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/g7-leaders-business-wants-to-work-with-you-to-build-a-clean-energy-future-heres-why/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=Maria |last2=Nallinger |first2=Sabine |title=G7 leaders: Business wants to work with you to build a clean energy future, here’s why |publisher=We Mean Business Coalition |date=22 June 2022 |url=https://www.wemeanbusinesscoalition.org/blog/g7-leaders-business-wants-to-work-with-you-to-build-a-clean-energy-future-heres-why/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2022leaders, author = {Mendiluce, Maria and Nallinger, Sabine}, title = {{G7 leaders: Business wants to work with you to build a clean energy future, here’s why}}, publisher = {We Mean Business Coalition}, year = {2022}, month = jun, url = {https://www.wemeanbusinesscoalition.org/blog/g7-leaders-business-wants-to-work-with-you-to-build-a-clean-energy-future-heres-why/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }