Private sector unites to accelerate clean energy investment, support climate goals, and push governments for bold implementation at COP30 in Brazil.
A powerful coalition of leading private sector companies and industry associations has pledged to ramp up investments in renewable energy and collaborate with governments to accelerate climate action ahead of COP30 in Belém, Brazil. Presented during London Climate Action Week, the letter — titled Mutirão: Scaling Renewable Energy — was handed to COP30 CEO Ana Toni by the Global Renewables Alliance (GRA) and co-signatories. It outlines seven critical actions to fast-track the energy transition and ensure COP30 marks a decisive moment for the implementation of climate goals.
The joint statement emphasizes the need to triple global renewable energy capacity, double energy efficiency, and transition away from fossil fuels by 2030 — targets already agreed upon at COP28. Key demands include scaled-up climate finance for emerging markets, robust grid and storage infrastructure, and a global dialogue on phasing out fossil fuels.
“COP30 inaugurates a decade to accelerate the implementation of all Global Stocktake agreements. The renewable sector has led the way, and this coalition’s call to action ensures an inclusive and ambitious energy transition,” said Ana Toni, CEO of COP30.
Backed by global players such as Orsted, ENGIE, Iberdrola, Hitachi Energy, and SSE, the letter reflects rising private sector momentum. The coalition asserts that businesses are already delivering clean energy solutions at scale and driving the transition toward a renewables-based future.
“Implementation is already underway and accelerating — driven largely by the private sector,” said Ben Backwell, Chair of the Global Renewables Alliance. “The energy transition is not only feasible but profitable.”
The letter arrives amid strong public backing for climate action, with recent studies revealing 97% of business leaders support a move away from fossil fuels. Brazil, the host of COP30, serves as a model, having added over 21 GW of new renewable energy capacity in 2024, supported by nearly USD 37 billion in investment and generating more than 340,000 jobs.
Still, the coalition warns of persistent challenges like grid congestion, high financing costs, and slow permitting processes. Elbia Gannoum, Special Envoy for Energy at COP30 and CEO of ABEEólica, emphasized the need to “fix the fundamentals” to scale proven clean energy solutions.
Bruce Douglas, CEO of the Global Renewables Alliance, called COP30 a “vital opportunity” to showcase progress and unlock renewable potential through stable policy and strong public-private partnerships.
The initiative remains open for new signatories, with additional handovers planned to governments and international bodies in the lead-up to COP30. Key organizations supporting the campaign include the Global Wind Energy Council, Global Solar Council, Green Hydrogen Organisation, and the International Hydropower and Geothermal Associations.