Business Coalition Urges COP30 to Accelerate Fossil Fuel Phase-Out

November 20, 2025 - 04:14

A coalition comprising over 100 businesses and subnational governments has made a significant appeal to the COP30 Presidency, advocating for an urgent phase-out of fossil fuels. This collective effort highlights the growing consensus among various sectors that immediate action is necessary to combat climate change and transition to sustainable energy sources.

The coalition emphasizes that reducing reliance on fossil fuels is essential not only for environmental protection but also for fostering economic resilience and innovation. By shifting towards renewable energy, businesses can drive job creation and enhance energy security while contributing to global climate goals.

Participants in the coalition represent a diverse range of industries, illustrating a broad commitment to sustainability. They argue that a clear, actionable timeline for phasing out fossil fuels will provide the necessary framework for businesses to invest in cleaner technologies and practices.

As COP30 approaches, the call from this coalition underscores the urgency of addressing climate change and the pivotal role that the business community can play in this transition.