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G7: It’s time to transition from fossil fuels to clean energy

As they meet in Hiroshima, G7 governments have a unique opportunity to course-correct toward a safer, healthier and more prosperous future.

The science is clear. To protect people, businesses and economies from the worst impacts of climate change, G7 leaders must lead boldly to accelerate the just transition away from fossil fuels, and toward a clean energy system. It is the only way to achieve a 1.5°C future.

We Mean Business Coalition letter to G7 ministers

Priority policy recommendations

Bold leadership from G7 governments can send clear signals to business on the speed and direction of travel, remove barriers to uptake, and unleash private sector investment into renewables, electrification and energy efficiency. The right government policies can ensure that the transition away from fossil fuels is equitable and supports communities and workforces around the world.

Business urges governments to commit at the G7 Summit to a rapid and just transition away from fossil fuels in line with a 1.5°C pathway and toward a clean energy system led by energy efficiency, electrification and the deployment of renewable energy.

Read We Mean Business Coalition CEO María Mendiluce’s opinion piece on the outcomes of the Energy Ministers’ Meeting.

Fully decarbonize power systems by 2035


Including the phase out of domestic coal-fired power generation by 2030 at the latest, along with supporting phase out in other OECD and non-OECD economies by 2030 and 2040, respectively.

Rapidly scale up renewables


Rapidly scale up reneweable energy power generation, access and infrastructure. This should include streamlining permitting processes to facilitate the roll-out of new renewable energy projects and improving grid and charging infrastructure.

Commit to 100% sales of ZEVs by 2035


Commit to 100% sales of zero emission vehicles (ZEVs) for new light duty vehicles by 2035.

Act to eliminate fossil fuel subsidies by 2025


Communicate this year the national action plans that demonstrate delivery of the 2016 G7 commitment to eliminate fossil fuel subsidies by 2025. This should include plans to repurpose spending toward energy efficiency, renewable energy and other measures to support a people-centered and equitable clean energy transition.

People and economies will benefit

Transitioning to a global clean energy system led by renewables, electrification and energy efficiency is an effective way for G7 governments to boost energy security, industrial competitiveness, economic growth and public health.

Ending our global reliance on fossil fuels will reduce our exposure to unmanageable risks such as extreme weather, war, rising inflation and human suffering. It is smart risk management and sound economics.

The solutions are already available

Many of the clean energy solutions we need to transition away from fossil fuels are already available, reaching tipping points of mass adoption and declining in cost. Renewables are more cost-effective, reliable and secure.

Further investment in fossil fuels, including LNG, undermines energy security, economic health and decarbonization goals.

With the right policy, business can go faster

Businesses are working to decarbonize their operations and supply chains. They are switching to 100% renewable electricity and EVs, helping suppliers decarbonize, and increasing demand for zero-carbon materials and products across industry, buildings and transport.

The right G7 policies and investments can help businesses transition to clean energy faster. Clear targets, timelines and policies will give business the clarity and confidence to act.

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