We Mean Business Coalition statement to negotiators to maintain clear commitment to transition away from fossil fuels

The We Mean Business Coalition calls on COP29 negotiators to reinforce the transition away from fossil fuels and implement Global Stocktake outcomes. The coalition argues that policy certainty and ambitious Nationally Determined Contributions (NDCs) are essential to unlock large-scale private investment in clean energy. Additionally, they advocate for a robust New Collective Quantified Goal (NCQG) on climate finance to support low- and middle-income countries and reduce investment risks.

• The We Mean Business Coalition asserts that a lack of clear signals regarding the transition away from fossil fuels risks stalling the private sector investment required to meet climate goals. They argue that businesses need policy stability and coherence to plan and invest in the energy transition.
• Over 260 businesses have requested robust policy commitments and clear signals in national climate plans (NDCs) and multilateral outcomes from the G7, G20, and COP summits to enable the development of affordable, reliable alternatives to fossil fuels in operations and supply chains.
• The coalition emphasizes the need for a robust climate finance agreement, specifically the New Collective Quantified Goal (NCQG), to attract private funding and support the global transition, particularly in low- and middle-income countries. They cite the US Inflation Reduction Act as an example, where $78 billion in federal spending attracted between $390-468 billion in private clean energy investments over two years.

APA

Clandillon, S. (2024). We Mean Business Coalition statement to negotiators to maintain clear commitment to transition away from fossil fuels. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-to-negotiators-to-maintain-clear-commitment-to-transition-away-from-fossil-fuels/

Chicago

Clandillon, Susan. We Mean Business Coalition statement to negotiators to maintain clear commitment to transition away from fossil fuels. We Mean Business Coalition, 2024. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-to-negotiators-to-maintain-clear-commitment-to-transition-away-from-fossil-fuels/.

Wikipedia

{{cite press release |last1=Clandillon |first1=Susan |title=We Mean Business Coalition statement to negotiators to maintain clear commitment to transition away from fossil fuels |publisher=We Mean Business Coalition |date=21 November 2024 |url=https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-to-negotiators-to-maintain-clear-commitment-to-transition-away-from-fossil-fuels/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{clandillon2024mean, author = {Clandillon, Susan}, title = {{We Mean Business Coalition statement to negotiators to maintain clear commitment to transition away from fossil fuels}}, publisher = {We Mean Business Coalition}, year = {2024}, month = nov, url = {https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-to-negotiators-to-maintain-clear-commitment-to-transition-away-from-fossil-fuels/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }