Dear G7 Heads of State and Government
Summary
The We Mean Business Coalition, representing over 1,800 companies with a combined market cap of US$24.8 trillion, calls on G7 heads of state to adopt specific climate policies. Key recommendations include phasing out coal by 2030, ending fossil fuel subsidies by 2025, and mandating climate-related financial disclosures. The coalition argues that a green recovery will better boost GDP and employment than traditional stimulus measures and urges the G7 to lead by example ahead of G20 and COP26.
Key insights
- The We Mean Business coalition represents more than 1,800 influential companies with a combined market capitalization of US$24.8 trillion, which is nearly one-quarter of global GDP.
- The coalition provides a set of specific policy recommendations for G7 leaders, including the immediate end of coal financing, the end of coal exports by 2025, and a full phase-out of coal use by 2030.
- Further G7 policy recommendations include committing to 100% sales of zero-emission vehicles for new light-duty vehicles by 2035, establishing roadmaps by 2022 to end all fossil fuel subsidies and financing by 2025, and making TCFD-aligned financial disclosures mandatory.
- The document asserts that green recovery plans are more effective at increasing GDP, employment, and income than standard 'return-to-normal' stimulus measures.
- The coalition calls for developed countries to fulfill the commitment of providing US$100 billion annually to support climate action in developing countries.
Cite the original document
- APA
- We Mean Business Coalition (2021). Dear G7 Heads of State and Government. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-2021/
- Chicago
- We Mean Business Coalition. Dear G7 Heads of State and Government. 2021. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-2021/.
- Wikipedia
- {{cite press release |author=We Mean Business Coalition |title=Dear G7 Heads of State and Government |date=8 June 2021 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-2021/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{wemeanbusinesscoalition2021dear, author = {{We Mean Business Coalition}}, title = {{Dear G7 Heads of State and Government}}, publisher = {We Mean Business Coalition}, year = {2021}, month = jun, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-2021/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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