To the G7 Heads of State and Governments

The We Mean Business Coalition calls on G7 governments to increase climate ambition by implementing more stringent 2020 NDCs, phasing out fossil fuel subsidies and coal power, and establishing strong carbon pricing. The coalition emphasizes that while businesses are aligning with the Paris Agreement to drive innovation and growth, they require clear policy signals to secure low-GHG capital investment. The statement advocates for a just transition to a net-zero global economy, highlighting that over 700 leading businesses—with a collective market capitalization exceeding $16.7 trillion—are already taking action through the coalition's campaigns.

• The coalition argues that the initial round of Nationally Determined Contributions (NDCs) is insufficient to meet the Paris Agreement's objectives, necessitating increased ambition from both governments and businesses to ensure sustainable economic growth.
• To accelerate the transition to low-carbon energy and transport, the coalition recommends that G7 leaders set credible national renewable energy targets, establish end dates for the sale of internal combustion engine passenger vehicles, and implement low emission zones in cities.
• The document calls for the immediate phase-out of fossil fuel subsidies and the cessation of new traditional coal power stations that lack operational carbon capture and storage.
• The coalition advocates for specific regulatory and international frameworks, including the ratification of the Kigali Amendment to the Montreal Protocol to phase out hydrofluorocarbons (HFCs) and the adoption of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures recommendations.
• The We Mean Business coalition represents over 700 businesses with a collective market capitalization of over $16.7 trillion, representing more than 20% of the global economy, with emissions equivalent to those of India.

APA

We Mean Business Coalition (2018). To the G7 Heads of State and Governments. https://www.wemeanbusinesscoalition.org/press-release/g7-heads-state-governments/

Chicago

We Mean Business Coalition. To the G7 Heads of State and Governments. 2018. https://www.wemeanbusinesscoalition.org/press-release/g7-heads-state-governments/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=To the G7 Heads of State and Governments |date=6 June 2018 |url=https://www.wemeanbusinesscoalition.org/press-release/g7-heads-state-governments/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2018heads, author = {{We Mean Business Coalition}}, title = {{To the G7 Heads of State and Governments}}, publisher = {We Mean Business Coalition}, year = {2018}, month = jun, url = {https://www.wemeanbusinesscoalition.org/press-release/g7-heads-state-governments/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }