We Mean Business Coalition statement on the G7 Summit 2022

The We Mean Business Coalition argues that the 2022 G7 Summit missed a critical opportunity to provide the clear policy signals and concrete actions needed to accelerate the energy transition. While acknowledging the reaffirmation of power system decarbonization by 2035 and the welcome of the International Sustainability Standards Board, the Coalition warns that emergency responses to replace Russian gas must not lock nations into new fossil fuel infrastructure. The statement calls for specific measures, including 70% renewable power by 2030, increased energy efficiency, and the scaling of heat pump technology, to align with Paris Agreement objectives.

• The G7 Summit failed to deliver the concrete actions, resources, and consistent policy signals that businesses require to accelerate the transition to clean energy, resulting in a 'patchwork approach' that does not meet COP26 promises.
• While G7 leaders reaffirmed goals to phase out coal and decarbonize power systems by 2035, the Coalition asserts these must be supported by immediate implementation and interim targets, such as achieving 70% renewable power and coal phase-out by 2030.
• Emergency measures to replace Russian gas must be managed to avoid creating new fossil fuel infrastructure that would jeopardize the 1.5C temperature rise objective.
• The Coalition identifies several necessary actions for an effective emergency energy response, including scaling heat pump technology, increasing energy efficiency, improving renewable permit processes, and investing in reskilling programs and innovative technologies.
• The Coalition supports the G7's welcome of the International Sustainability Standards Board (ISSB) as a global baseline for transparent corporate reporting to guide sustainable investment.
• The statement welcomes the 'Climate Club' concept and Just Transition Energy Partnerships with countries such as India and Indonesia to support clean energy take-up in markets worldwide.

APA

Mendiluce, M. (2022). We Mean Business Coalition statement on the G7 Summit 2022. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-g7-summit-2022/

Chicago

Mendiluce, Maria. We Mean Business Coalition statement on the G7 Summit 2022. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-g7-summit-2022/.

Wikipedia

{{cite press release |last1=Mendiluce |first1=Maria |title=We Mean Business Coalition statement on the G7 Summit 2022 |publisher=We Mean Business Coalition |date=28 June 2022 |url=https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-g7-summit-2022/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{mendiluce2022mean, author = {Mendiluce, Maria}, title = {{We Mean Business Coalition statement on the G7 Summit 2022}}, publisher = {We Mean Business Coalition}, year = {2022}, month = jun, url = {https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-g7-summit-2022/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }