A coalition of private companies and industry associations has pledged to accelerate investment in renewable energy and support the implementation of climate commitments ahead of the COP30 summit in Belém, Brazil.
The joint appeal was delivered to COP30 chief executive Ana Toni during London Climate Action Week by the Global Renewables Alliance (GRA) and signatories representing wind, solar, hydropower, green hydrogen, and energy storage sectors.
“COP30 inaugurates a decade to accelerate implementation in all Global Stocktake agreements,” Toni said. “This joint call from the private sector will ensure the energy transition is inclusive, ambitious, and fast, and can serve as a catalyst for other sectors to accelerate their own transition.”
The letter, titled Mutirão: Scaling Renewable Energy, outlines seven priority actions for governments. These include a high-level leadership moment at COP30, increased financing for emerging markets, enhanced grid and storage infrastructure, and a United Nations dialogue on the transition away from fossil fuels.
“Implementation is already underway and accelerating – driven largely by the private sector,” said Ben Backwell, chair of the GRA. “Businesses are delivering clean energy solutions at scale, proving that the energy transition is not only possible, but profitable and in motion.”
According to the coalition, Brazil added 21 gigawatts (GW) of renewable capacity in 2024 and attracted nearly $37 billion in investment.
However, challenges such as grid bottlenecks, permitting delays, and financing costs continue to impede progress, GRA chief executive Bruce Douglas noted. “The private sector is ready to rapidly deliver renewable energy at scale,” he said. “Governments must urgently step up with stable policies that unlock this huge potential. What’s needed now is confidence, coordination, and capital.”
The letter remains open to additional signatories before COP30 and is supported by global and Brazilian companies and trade groups including Ørsted, SSE, Octopus Energy Generation, EDP, Iberdrola, ENGIE, Fortescue, ABEEólica, GWEC, and the Green Hydrogen Organisation.
