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The briefing advocates for an international treaty to end the proliferation of coal, oil, and gas, phase out existing production equitably, and enable a global just transition. It outlines the necessary 'ingredients' for such a treaty, proposes specific diplomatic and domestic actions for governments, and provides suggested language for multilateral statements.

The briefing advocates for an international treaty to end fossil fuel proliferation through three pillars: prohibiting new exploration and production, phasing out existing production equitably, and facilitating a just transition for dependent countries and communities. It outlines the necessary ingredients for such a treaty—including civil society movements and 'champion' countries like Vanuatu and Tuvalu—and provides a roadmap of diplomatic and national policy actions for governments to reduce fossil fuel dependency.

The briefing advocates for an international treaty to end the proliferation of fossil fuels through three pillars: prohibiting new exploration and production, phasing out existing production equitably, and facilitating a just transition for dependent countries and workers. It outlines a diplomatic strategy for 'champion countries' to drive this process, suggests specific national policy actions to reduce supply-side dependence, and provides model text for governments to use in multilateral negotiations.

The briefing proposes a Fossil Fuel Non-Proliferation Treaty based on three pillars: preventing new exploration licenses, phasing out existing production equitably, and ensuring a just transition for workers and dependent communities. It outlines a strategy for 'precursor countries' to drive international cooperation, suggests specific diplomatic actions for national governments, and provides a menu of domestic policy options to reduce fossil fuel dependency.

The document proposes a Fossil Fuel Non-Proliferation Treaty based on three pillars: non-proliferation (ending new exploration), fair phase-out of existing production, and a Global Just Transition. The Global Just Transition pillar focuses on enabling countries, workers, and communities to move away from fossil fuel dependence through economic diversification, the rapid deployment of renewable energy, and robust social protection. It emphasizes that wealthy nations must transition fastest and provide financial, technological, and capacity-building support to the Global South to ensure a sustainable and equitable transformation.

The We Mean Business Coalition calls on G7 leaders to eliminate fossil fuel subsidies by 2025 or sooner, redirecting the over $80 billion spent in 2021 toward renewables and energy efficiency to accelerate the clean energy transition and avoid significant global GDP losses.

The briefing outlines four key areas where G7 nations can lead on fossil fuel phase-out: setting a 2030 deadline for coal phase-out, implementing the end of fossil fuel subsidies, fulfilling commitments to stop international public finance for fossil fuels, and ending new oil and gas development.

The We Mean Business Coalition calls on G7 Ministers to accelerate the transition to clean energy to mitigate climate risks and economic loss. The coalition argues that while business is ready to deploy clean energy solutions, it requires supportive policies and the repurposing of $1 trillion in fossil fuel subsidies. Key recommendations include decarbonizing power systems by 2035, phasing out domestic coal by 2030, and ensuring 100% sales of zero emissions vehicles for new light-duty vehicles by 2035.

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 International Institute for Sustainable Development (IISD) views Canada's 2023 federal budget as a significant step toward a net-zero economy, noting billions for clean energy and CAD 800 million for freshwater protection. However, the IISD warns that the budget maintains loopholes for fossil fuels, specifically through carbon capture and storage (CCS) funding and the inclusion of abated natural gas in clean electricity tax credits, which may undermine commitments to end inefficient fossil fuel subsidies.

The We Mean Business Coalition asserts that current climate plans are insufficient to meet Paris Agreement goals and that staying within the 1.5°C limit requires a total phase-out of fossil fuels. The statement urges G7 governments to lead by redirecting subsidies, pricing carbon, and accelerating the uptake of clean energy technologies. It calls on businesses to develop science-aligned transition plans and invest in decarbonized solutions to ensure a secure and equitable global energy transition.

The report finds that public financial flows have not aligned with Paris Agreement goals, with fossil fuel subsidies increasing significantly since 2015, reaching over USD 1 trillion in 2022. It argues that these subsidies incentivize emissions and hinder clean energy deployment, while recommending improved transparency, accountability, and national planning to transition these flows.

The author contends that while carbon pricing is Canada's primary decarbonization driver, it is insufficient alone to attract the private capital needed for a net zero economy. To remain competitive, especially against the U.S. Inflation Reduction Act, Canada needs to address market failures caused by historical fossil fuel subsidies and the high risks associated with first-of-their-kind low-carbon projects. The document recommends implementing carbon contracts for difference, investment tax credits, and a clean investment taxonomy, all integrated into a coordinated strategic framework to avoid ad hoc spending and maximize social returns.

The author contends that while carbon pricing is a vital tool, Canada needs a broader strategic framework to address market failures—such as fossil fuel subsidies and high initial capital costs—and to respond to international competition like the US Inflation Reduction Act. The paper suggests combining carbon pricing with targeted public incentives, a clean investment taxonomy, and sector-specific growth strategies to attract private capital efficiently without excessive or scattered public spending.

The document outlines a comprehensive framework of 101 sustainable finance policies categorized by three primary ambitions: speed, steer, and simplify. It provides specific recommendations across various government departments—including fiscal, trade, energy, and industrial policy—as well as for central banks and financial regulators. The guide emphasizes the need for science-based targets, the removal of fossil fuel subsidies, the use of green taxonomies, and the implementation of derisking mechanisms like blended finance to mobilize private capital for the 1.5°C transition.

The report argues that governments have failed to fulfill commitments to shift public financial flows away from fossil fuels, with subsidies increasing since the Paris Agreement. It identifies significant data gaps regarding state-owned enterprise investments and provides a framework for fossil fuel subsidy reform based on pricing, impact management, and stakeholder support.

The Longship project is a Norwegian industrial-scale carbon capture and storage (CCS) network designed to decarbonize heavy industries where electrification is not feasible. The project consists of two initial capture sites—a cement plant in Brevik and a waste-to-energy plant in Oslo—and the Northern Lights transport and storage infrastructure. The Norwegian government is funding approximately two-thirds of the first phase, which exceeds 3.5 billion CAD, with the goal of creating a commercially viable cross-border storage service for European emitters. The document highlights the importance of holistic government support, including regulatory streamlining and increasing carbon pricing, while noting criticisms regarding the use of public funds to support the oil and gas sector.

The document argues that carbon capture and storage (CCS) is an ineffective solution for Canada's oil and gas sector due to high costs, energy intensity, and a poor track record of delivery. It highlights that most Canadian CCS projects use captured carbon for enhanced oil recovery (EOR), which facilitates further oil production. Despite these failings, the Canadian government has provided billions in public funding, including a significant investment tax credit, which the authors suggest represents a high opportunity cost compared to more effective measures like methane reduction.

The report argues that the Dominican Republic can eliminate its annual US$2 billion electricity subsidy by investing 2.5 to 3 years' worth of those funds (US$4.5 to US$6 billion) into rooftop solar installations. Using a blended finance approach—combining government grants with local loans—the model aims to reduce household electricity costs by up to 90% over time while ending the government's reliance on volatile fossil fuel expenditures.

The report argues that current global economic responses to COVID-19, the war in Ukraine, and the climate crisis have been too focused on short-term stabilisation and stimulus rather than long-term structural reform. It highlights that only 18% of the USD 14.6tn allocated to COVID-19 recovery in 2020 was green spending, and that such investments have been concentrated in wealthier nations and focused primarily on decarbonisation. The authors advocate for a 'systems mind-set' that integrates circular economy principles, nature-based solutions, and just transition policies. Key recommendations include the use of debt-for-nature swaps, increased multilateral funding for the Global South, and the implementation of a 'Green Structural Recovery Menu' featuring fiscal reforms and the phasing out of fossil fuel subsidies.