G7 must lead rapid and just transition away from fossil fuels for economic stability
Summary
The We Mean Business Coalition calls on G7 nations to decarbonize their power systems by 2035, eliminate fossil fuel subsidies by 2025, and mandate that all new light-duty vehicles sold be zero-emission by 2035 to support a stable global economy and limit temperature rise to 1.5ºC.
Key insights
- The We Mean Business Coalition urges G7 nations to fully decarbonize their power systems by 2035 and eliminate fossil fuel subsidies by 2025, redirecting those funds toward renewable energy and energy efficiency.
- To provide business clarity on transport, the coalition recommends that G7 leaders rule that all new light-duty vehicles sold from 2035 must be zero-emissions, supported by the necessary infrastructure.
- The coalition argues that national climate plans must align with limiting global temperature rise to 1.5ºC and that greenhouse gas emissions could be halved by 2030 if immediate action is taken.
Cite the original document
- APA
- Scrimgeour, M. (2022). G7 must lead rapid and just transition away from fossil fuels for economic stability. We Mean Business Coalition. https://www.wemeanbusinesscoalition.org/blog/g7-must-lead-rapid-and-just-transition-away-from-fossil-fuels-for-economic-stability/
- Chicago
- Scrimgeour, Michelle. G7 must lead rapid and just transition away from fossil fuels for economic stability. We Mean Business Coalition, 2022. https://www.wemeanbusinesscoalition.org/blog/g7-must-lead-rapid-and-just-transition-away-from-fossil-fuels-for-economic-stability/.
- Wikipedia
- {{cite press release |last1=Scrimgeour |first1=Michelle |title=G7 must lead rapid and just transition away from fossil fuels for economic stability |publisher=We Mean Business Coalition |date=27 June 2022 |url=https://www.wemeanbusinesscoalition.org/blog/g7-must-lead-rapid-and-just-transition-away-from-fossil-fuels-for-economic-stability/ |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{scrimgeour2022must, author = {Scrimgeour, Michelle}, title = {{G7 must lead rapid and just transition away from fossil fuels for economic stability}}, publisher = {We Mean Business Coalition}, year = {2022}, month = jun, url = {https://www.wemeanbusinesscoalition.org/blog/g7-must-lead-rapid-and-just-transition-away-from-fossil-fuels-for-economic-stability/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
Full text
Collected · Record updated