G7: It’s time to transition from fossil fuels to clean energy

The We Mean Business Coalition calls on G7 leaders to accelerate the transition to clean energy through specific policy targets, including the phase-out of coal by 2030 and the elimination of fossil fuel subsidies by 2025. The document argues that such policies provide the necessary clarity for the private sector to invest in renewables, electrification, and energy efficiency, while noting that clean energy investments could boost global GDP by 4% by 2030.

• The We Mean Business Coalition recommends that G7 governments adopt four specific policy targets: fully decarbonize power systems by 2035, phase out domestic coal-fired power generation by 2030, commit to 100% sales of zero emission vehicles (ZEVs) for new light duty vehicles by 2035, and eliminate fossil fuel subsidies by 2025.
• Transitioning to clean energy is presented as an economic and public health imperative; climate change could reduce global GDP by up to 14% ($23 trillion) by 2050, whereas clean energy investments could increase global GDP by 4% by 2030. Additionally, a net-zero-by-2050 scenario could result in 2.2 million fewer premature deaths annually by 2030.
• The document highlights the declining cost and availability of clean technologies, noting that lithium-ion battery prices have dropped by 90% over the last decade and that unsubsidized heat pumps are already cost-competitive with gas boilers in China, Italy, Japan, Canada, and the U.S.
• The U.S. Inflation Reduction Act's investments in clean energy and climate change are projected to generate 9 million jobs and up to $278 billion in electricity cost savings over the next ten years.

APA

We Mean Business Coalition (2023). G7: It’s time to transition from fossil fuels to clean energy. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-its-time-to-transition-from-fossil-fuels-to-clean-energy/

Chicago

We Mean Business Coalition. G7: It’s time to transition from fossil fuels to clean energy. 2023. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-its-time-to-transition-from-fossil-fuels-to-clean-energy/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=G7: It’s time to transition from fossil fuels to clean energy |date=4 April 2023 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-its-time-to-transition-from-fossil-fuels-to-clean-energy/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2023its, author = {{We Mean Business Coalition}}, title = {{G7: It’s time to transition from fossil fuels to clean energy}}, publisher = {We Mean Business Coalition}, year = {2023}, month = apr, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/g7-its-time-to-transition-from-fossil-fuels-to-clean-energy/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }