COP30 Business Group Statement

The We Mean Business Coalition calls on governments to redirect public finance away from fossil fuels and toward clean energy to unlock business investment. The statement argues that current national climate plans are insufficient and that removing approximately $1 trillion in annual fossil fuel subsidies is a critical economic strategy to ensure energy security and market fairness.

• Current national climate plans are insufficient as they do not reflect the scale of the climate threat nor provide the market clarity needed to maximize business investment in the clean energy transition.
• The business community is actively transitioning, with 97% of executives supporting a shift to renewables-based electricity and 91% of companies maintaining or increasing investments in net-zero goals.
• Governments are urged to eliminate approximately $1 trillion in annual fossil fuel subsidies to create fiscal space and level the playing field for renewable energy, grids, storage, and electrification.
• Climate-driven extreme weather is causing significant economic damage, including at least €43 billion (approx. $50 billion) in short-term losses in Europe this summer, while global corporates and SMEs face estimated total costs of US$6.5 trillion from environmental risks.

APA

We Mean Business Coalition (2025). COP30 Business Group Statement. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop30-business-group-statement/

Chicago

We Mean Business Coalition. COP30 Business Group Statement. 2025. https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop30-business-group-statement/.

Wikipedia

{{cite press release |author=We Mean Business Coalition |title=COP30 Business Group Statement |date=31 October 2025 |url=https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop30-business-group-statement/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{wemeanbusinesscoalition2025cop30, author = {{We Mean Business Coalition}}, title = {{COP30 Business Group Statement}}, publisher = {We Mean Business Coalition}, year = {2025}, month = oct, url = {https://www.wemeanbusinesscoalition.org/what-we-do/for-policymakers/coalition-led-advocacy-interventions-from-business/cop30-business-group-statement/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }