We Mean Business Coalition response to G7 energy ministers’ communique

The We Mean Business Coalition welcomes the G7's commitment to include the phase-out of fossil fuels and the scaling up of clean energy in their Nationally Determined Contributions (NDCs). The Coalition argues that these signals provide the regulatory clarity necessary for businesses to invest in low-carbon systems and decarbonise their models. However, it notes that financial flows, including public investments and subsidies, must still be aligned with these goals, urging the G7 Finance Ministers to ensure coherence in their upcoming May meeting.

• The We Mean Business Coalition supports the G7's explicit statement that the scaling up of clean energy and the phase-out of fossil fuels will be integrated into G7 Nationally Determined Contributions (NDCs).
• Clear regulatory signals from G7 nations regarding the transition away from fossil fuels are viewed as essential for corporate long-term competitiveness and for encouraging investment in low-carbon technology and systems.
• There is a remaining need to align financial flows, specifically public investments and subsidies, with clean energy transition commitments, a matter the Coalition expects the G7 Finance Ministers to address in May.

APA

Nelson, G. (2024). We Mean Business Coalition response to G7 energy ministers’ communique. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-g7-energy-ministers-communique/

Chicago

Nelson, Gillian. We Mean Business Coalition response to G7 energy ministers’ communique. We Mean Business Coalition, 2024. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-g7-energy-ministers-communique/.

Wikipedia

{{cite press release |last1=Nelson |first1=Gillian |title=We Mean Business Coalition response to G7 energy ministers’ communique |publisher=We Mean Business Coalition |date=30 April 2024 |url=https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-g7-energy-ministers-communique/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{nelson2024mean, author = {Nelson, Gillian}, title = {{We Mean Business Coalition response to G7 energy ministers’ communique}}, publisher = {We Mean Business Coalition}, year = {2024}, month = apr, url = {https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-response-to-g7-energy-ministers-communique/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }