Embedding ambitious climate action at the heart of economic recovery

The We Mean Business Coalition argues that integrating climate ambition into economic recovery is a strategic necessity for long-term growth and resilience. The statement highlights that green recovery measures are more effective at creating jobs and increasing GDP than traditional stimulus. It calls for specific policy actions, including the removal of fossil fuel subsidies, mandatory TCFD-aligned financial disclosures, and the requirement that companies receiving public financial assistance adopt science-based targets consistent with a 1.5°C warming limit.

• Green recovery measures—such as investments in renewables, energy efficiency, electric vehicles, and tree planting—are more effective at increasing GDP, creating jobs, and lowering greenhouse gas emissions than traditional fiscal stimulus like VAT or sales cuts across all modelled geographies, including the EU, USA, Japan, India, Germany, Poland, and the UK.
• Integrating sustainability into business operations enhances a company's ability to withstand systemic shocks and outperform competitors, even during the COVID-19 pandemic.
• The coalition recommends that governments implement several specific policy levers to drive a zero-carbon recovery: removing fossil fuel subsidies, establishing carbon pricing, making TCFD-aligned climate-related financial disclosures mandatory, and ensuring central banks embed climate risk management into financial systems.
• Several governments have already begun linking economic recovery to climate goals: the EU's Next Generation budget allocates 25% of spending to climate-related investment, France linked bailouts to climate action, Japan included renewable energy incentives in stimulus packages, and Canada required climate-related disclosure reports for companies receiving COVID-19 support.

APA

We Mean Business Coalition (2020). Embedding ambitious climate action at the heart of economic recovery. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/climate-action-for-economic-recovery/

Chicago

We Mean Business Coalition. Embedding ambitious climate action at the heart of economic recovery. 2020. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/climate-action-for-economic-recovery/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=Embedding ambitious climate action at the heart of economic recovery |date=16 September 2020 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/climate-action-for-economic-recovery/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2020embedding, author = {{We Mean Business Coalition}}, title = {{Embedding ambitious climate action at the heart of economic recovery}}, publisher = {We Mean Business Coalition}, year = {2020}, month = sep, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/climate-action-for-economic-recovery/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }