Realigning incentives: The business case for an affordable, secure and clean energy transition
The clean energy transition is reshaping economies — yet government incentives continue to favor fossil fuels and skew the markets in their direction. In 2023, fossil fuel subsidies reached $1.1 trillion, even as renewable energy and electrification drive lower costs, cleaner air, and greater growth and energy security.
Realigning incentives is not about ending support; it’s about using it strategically. A business group statement, organized by the Coalition ahead of COP30, urges governments to design fiscal measures, policies and market reforms to protect the most vulnerable while creating the conditions for business to invest confidently and at scale in the clean energy transition.
This white paper lays out the clear business case for realigning incentives to accelerate the clean energy transition. Now is the moment to turn ambition into delivery — and build economies that are not only low-carbon but more stable, affordable and fair.
Realigning incentives: The business case for an affordable, secure and clean energy transition
COP30 business group statement
35+ organizations representing over 135,000 companies signed We Mean Business Coalition’s Business Group Statement calling on governments meeting at COP to realign public finance and policy support toward an affordable, reliable clean energy system.
Businesses overwhelmingly want renewables-based electricity systems — but governments must set the course, by realigning public finance and policy support away from fossil fuels and toward clean solutions.
COP30 business group statement
3 ways policymakers can realign incentives to support clean energy
Though every country’s energy system is different, there are some steps that all government can take to realign incentives — from realigning fossil fuel subsidies toward clean energy solutions to implementing stable regulatory frameworks and standards to reforming power markets. We lay out these steps, complemented by case studies, in our blog post.
3 ways policymakers can realign incentives to support clean energy
