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The Economics For Nature initiative argues that current economic recovery plans largely ignore the dependency of all economic activity on nature. It asserts that investing in nature to meet Sustainable Development Goals could generate $40-50 trillion in value and calls on G7 ministers to embed nature's values into economic decisions and reward nature-positive outcomes.

The document highlights that steelmaking is a highly emission-intensive process, contributing approximately 8% of global CO2 emissions annually. It argues that reducing these emissions is essential for achieving net-zero by 2050 and meeting Paris Agreement commitments, suggesting that G7 nations should lead international cooperation to establish the groundwork for a global industrial transition.

The authors call on G7 finance ministers to move from commitments to decisive action by establishing a financial framework that includes mandatory climate risk disclosure across supply chains, carbon pricing aligned with the 1.5°C goal, and the delivery of overdue climate finance to developing countries.

The We Mean Business Coalition, representing over 1,800 companies with a combined market cap of US$24.8 trillion, calls on G7 heads of state to adopt specific climate policies. Key recommendations include phasing out coal by 2030, ending fossil fuel subsidies by 2025, and mandating climate-related financial disclosures. The coalition argues that a green recovery will better boost GDP and employment than traditional stimulus measures and urges the G7 to lead by example ahead of G20 and COP26.

Between January 2020 and March 3, 2021, G7 nations invested more in fossil fuels (US$189 billion) than in clean energy (US$147 billion), despite pledges to achieve net-zero emissions by mid-century. The report finds that over 80% of fossil fuel funding lacked 'green strings' or climate targets, while only 10% of COVID-19 response funds supported the cleanest energy measures. To align with the Paris Climate Agreement, the report recommends that the G7 end support for fossil fuel production, increase green recovery spending to at least 40% of total COVID-19 recovery funds, and double climate finance pledges to assist low- and middle-income countries.

The We Mean Business coalition calls on G7 leaders to align national policies with the Paris Agreement by setting clear pathways to net-zero emissions by 2050, phasing out fossil fuel subsidies, and supporting a just transition. The statement highlights that over 980 global companies have already made climate commitments, including targets for renewable electricity (RE100) and electric vehicle deployment (EV100), but argues that private action must be reinforced by government leadership to achieve the necessary scale of transformation.

The G7 Fossil Fuel Subsidy Scorecard reveals that G7 governments continue to provide substantial financial support to fossil fuels despite commitments to phase them out by 2025. Analysis shows that in 2015 and 2016, G7 nations provided at least USD 100 billion annually in subsidies and public finance, failing to implement mechanisms to document the full extent of this support or ensure accountability.

The document critiques Export Credit Agencies (ECAs) for prioritizing energy-intensive exports over renewable energy and for lacking the environmental and social safeguards common in multilateral development banks. It highlights the role of G7 countries in financing energy-intensive projects and notes that between 1994 and 1999, ECAs supported only US$2 billion in renewable energy. The brief calls for the adoption of binding guidelines, transparent disclosure policies, and a target of at least 20% for renewable energy and energy efficiency in ECA portfolios by 2006.