To the Esteemed Presidency of COP30,  

We, representatives of the global renewable energy industry and wider business community, congratulate and welcome Brazil’s leadership of COP30. Belém presents a crucial opportunity to demonstrate that the global energy transition is already underway and that it needs to accelerate to achieve the Global Stocktake (GST) goals. These goals, to triple renewable energy capacity, double energy efficiency and transition away from fossil fuels, now require clear and urgent implementation plans, supported by financing and policy reform and the Global Grids and Storage Pledge. 

The industry is not only committed to a fair energy transition, it is driving it. Brazil is a clear example. In 2024, it attracted nearly USD 37 billion in clean energy investment, with the vast majority coming from private actors. Developers are deploying Gigawatt-scale wind, solar and hydropower projects, industrial consumers are adopting green solutions, and investments in grid infrastructure and green hydrogen (including its derivatives) are gaining momentum. Brazil’s strong hydro base of 110GW has also enabled the growth of wind and solar while maintaining the country’s energy security. Brazil added over 18 GW of solar and 3.3 GW of wind capacity last year alone, contributing to over 340,000 local green jobs. This is delivery in action. However, while Brazil demonstrates what can be achieved, structural challenges such as regulatory delays, transmission constraints and the high cost of capital, continue to limit the industry and the global deployment of renewable energy.  

To accelerate progress and industry investment, governments must act. Enabling policies, such as responsible simplified licensing, grid infrastructure expansion to electrify the economy and the regulation of new and stable market structures (including for offshore wind, green hydrogen and its derivatives, long duration energy storage and pumped storage and data centres), can unlock renewable energy on a larger scale. COP30 serves as a turning point that can align national policy, international finance and industry action. Against global instability, it can reinforce market certainty and show that governments are driving a just energy transition beyond climate goals to strengthen energy security, competitiveness and long-term economic resilience, leaving no one behind. 

We, therefore, respectfully call on the COP30 Presidency and all Parties to deliver the following outcomes in Belém. We believe these outcomes should be secured through the COP30 Action Agenda or, where appropriate, the formal UNFCCC negotiations to accelerate GST implementation: 

1. Convene a leader-level moment on the energy transition at COP30 for governments and companies to demonstrate real-world delivery of the GST goals beyond current NDCs, through announcing national delivery plans, ambitious targets and mobilisation of renewable finance.
2. Adopt or strengthen national renewable energy targets for 2030 and 2035, aligned with 1.5°C, and reflect these in updated Nationally Determined Contributions (NDCs) and national energy plans. 
3. Commit to delivering national grid and storage action plans, with clear infrastructure targets, investment pipelines and effective delivery mechanisms, helping to unlock jobs, income and innovation.  
4. Mobilise finance for clean energy transitions in emerging and developing economies. Showcase how finance committed in Baku is being deployed to support national transitions. Highlight project pipelines, financial agreements, and new tools to reduce investment risk and capital costs for renewables. 
5. Support green industrial development, by adopting national clean industry strategies and demand-side market mechanisms, including green hydrogen for hard-to-abate sectors such as steel and fertilisers. By COP30, showcase at least 20 clean industrial projects globally Brazil can lead by strengthening policies that promote the export of Brazilian products, technologies and services linked to renewable energy and decarbonisation.
6. Initiate an international UNFCCC dialogue on an orderly and managed transition away from fossil fuels, including timelines (as reflected in Brazil’s NDC) and tracking mechanisms that accelerate action in this critical decade. 
7. Conclude Article 6 rules, by establishing practical guidelines for how countries adjust their carbon accounts (“corresponding adjustments”), clearly defining what counts as additional emissions reductions, and encouraging alignment between voluntary and regulated carbon markets. 

Together, these seven actions can give the industry the necessary confidence to invest in renewables on a larger scale and with regulatory, institutional and economic certainty. COP30 should demonstrate that implementation of the energy transition is well underway and exceeding ambition in current NDCs.  

We are ready to collaborate with the COP30 Presidency to ensure results that accelerate climate action, expand investments in renewable energies, and build a safer, more resilient and prosperous future. 

Sincerely, 

The undersigned businesses and organisations