We Mean Business Coalition statement on the outcome of the G7 Summit 2023

The We Mean Business Coalition welcomes the G7's backing of fossil fuel phase-out aligned with 1.5ºC trajectories and the Clean Energy and Economy Action Plan. However, it warns that the G7's reference to the 'important role' of increased LNG deliveries creates inconsistency with previous ministerial statements and risks delaying the clean energy transition.

• The G7 Leaders have supported the phase-out of fossil fuels to align with 1.5ºC trajectories, alongside a rapid increase in clean energy scaling. The Coalition notes that the Clean Energy and Economy Action Plan indicates a G7 intent to increase global collaboration on the clean energy transition to assist industries in decarbonizing supply chains.
• The Coalition identifies a contradiction between the G7 Leaders' acknowledgement of the 'important role' of increased LNG deliveries due to the war in Ukraine and the previous statement from G7 Energy Ministers. The Coalition argues that further fossil fuel investment risks losing the competitive advantage of clean energy and will delay progress toward a global clean energy system.
• To maintain the 1.5ºC goal, the Coalition urges G7 governments to stop sending mixed messages and implement clear, consistent domestic policies that support industrial decarbonization and reduce gas demand.

APA

Nelson, G. (2023). We Mean Business Coalition statement on the outcome of the G7 Summit 2023. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-outcome-of-the-g7-summit-2023/

Chicago

Nelson, Gillian. We Mean Business Coalition statement on the outcome of the G7 Summit 2023. We Mean Business Coalition, 2023. https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-outcome-of-the-g7-summit-2023/.

Wikipedia

{{cite press release |last1=Nelson |first1=Gillian |title=We Mean Business Coalition statement on the outcome of the G7 Summit 2023 |publisher=We Mean Business Coalition |date=22 May 2023 |url=https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-outcome-of-the-g7-summit-2023/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{nelson2023mean, author = {Nelson, Gillian}, title = {{We Mean Business Coalition statement on the outcome of the G7 Summit 2023}}, publisher = {We Mean Business Coalition}, year = {2023}, month = may, url = {https://www.wemeanbusinesscoalition.org/blog/we-mean-business-coalition-statement-on-the-outcome-of-the-g7-summit-2023/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }