We Mean Business Coalition statement on the result of the U.S. election
We Mean Business Coalition
We Mean Business Coalition will continue uniting thousands of businesses across the U.S. to build on the progress achieved to date, accelerating efforts and advocating for the policies and investments that will enable the clean energy economy. Global businesses, committed to responsible growth, understand that climate-related factors—such as extreme weather events, shifting supply chains, and rising insurance costs—present concrete risks to business operations that transcend political changes. While federal focus may shift, business commitment to clean energy and climate resilience remains firm, rooted in material impacts and driven by long-term value.
New research emphasizes that responsible businesses, those that proactively address physical and financial climate risks, are more likely to succeed financially and maintain stakeholder trust. We will continue to unite and advocate for business to innovate in efficiency-boosting clean energy technologies that lower operational costs and protect against resource scarcity, positioning economies and businesses competitively.
Businesses are tuned into a growing consumer preference for brands that demonstrate responsible business practices—prioritizing climate actions not out of ideology, but as a forward-looking business strategy that ensures stability, resilience, and financial success.
Most of the world’s major economies and largest companies remain committed to investing in clean technologies and solutions. Businesses operating globally need to remain competitive in a world rapidly shifting towards clean economies. The global market for top clean technologies is set to triple to over $2 trillion by 2035, close to the value of today’s crude oil market. This is because they outcompete fossil fuels. We are committed to uniting and supporting businesses as they grow in these new markets while they manage climate risks and meet consumer and investor expectations.
We Mean Business Coalition will continue to drive consensus within the business community to deliver meaningful climate action. We are confident that through a commitment to democratic values and the cooperative environment vital for a strong global economy, the US will emerge unified, ready to advance the shared goals of economic resilience, environmental responsibility, and prosperity for all.
COP29 negotiations
President Trump’s election win comes at a pivotal time for climate action, and negotiations at COP29 must not lose focus or momentum. World leaders made a historic commitment to a clean energy future at COP28.
At COP29, it’s time for countries to deliver global finance to drive ambitious, investible and equitable national climate plans that will move us from fossil to clean.
Polling across multiple countries around the world, consistently shows high levels of public support for climate action and investments in green technology. The UN’s climate change conferences will continue to serve as a critical platform for uniting and advancing climate resilience, economic innovation and stability globally.
US businesses, investors, states, and local leaders have affirmed they will continue to go all in for climate action, working alongside international allies to maintain progress. For the international community, this commitment from non-federal actors underlines that climate goals remain a priority regardless of political shifts.
This statement was updated on 06 November, 2024 following the election results.