G7: Go all in for clean energy to cut family bills, create jobs and drive economic growth

The We Mean Business Coalition urges G7 leaders to implement policies that scale up renewable energy and phase out fossil fuels. Citing a report by Cambridge Econometrics, the author asserts that such a transition could save G7 households an average of $500 per person annually by 2030 and create millions of global jobs. The statement warns that investing in new fossil fuel infrastructure creates stranded assets and jeopardizes the 1.5C warming limit, calling instead for faster permitting of renewables and workforce reskilling.

• Implementing policies to end fossil fuel dependency could reduce average household spending on electricity, natural gas, and petrol by $500 per person across G7 countries by 2030, representing a 25% saving.
• Accelerating the transition to net-zero is projected to create millions of new jobs globally, including 15 million jobs in India within the next three years.
• Investing in new fossil fuel infrastructure is described as dangerous because such projects would not be operational quickly enough to fill current energy gaps and would result in costly stranded assets.
• The author advocates for specific policy targets, including phasing out coal by 2030, ending fossil fuel financing within the current year, and decarbonizing G7 power systems by 2035.

APA

Mendiluce, M. (2022). G7: Go all in for clean energy to cut family bills, create jobs and drive economic growth. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/g7-go-all-in-for-clean-energy-to-cut-family-bills-create-jobs-and-drive-economic-growth/

Chicago

Mendiluce, Maria. G7: Go all in for clean energy to cut family bills, create jobs and drive economic growth. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/g7-go-all-in-for-clean-energy-to-cut-family-bills-create-jobs-and-drive-economic-growth/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=Maria |title=G7: Go all in for clean energy to cut family bills, create jobs and drive economic growth |publisher=We Mean Business Coalition |date=25 June 2022 |url=https://www.wemeanbusinesscoalition.org/blog/g7-go-all-in-for-clean-energy-to-cut-family-bills-create-jobs-and-drive-economic-growth/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2022all, author = {Mendiluce, Maria}, title = {{G7: Go all in for clean energy to cut family bills, create jobs and drive economic growth}}, publisher = {We Mean Business Coalition}, year = {2022}, month = jun, url = {https://www.wemeanbusinesscoalition.org/blog/g7-go-all-in-for-clean-energy-to-cut-family-bills-create-jobs-and-drive-economic-growth/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }