We report XMM-Newton observations of the young open cluster NGC 2547 which allow us to characterise coronal activity in solar-type stars at an age of 30 Myr. X-ray emission peaks among G-stars at luminosities (0.3-3keV) of Lx~10^{30.5} erg/s and declines to Lx<=10^{29.0} erg/s among M-stars. Coronal spectra show evidence for multi-temperature differential emission measures and low coronal metal abundances (Z~0.3). The G- and K-type stars follow the same relationship between X-ray activity and Rossby number established in older clusters and field stars, although most solar-type stars in NGC 2547 exhibit saturated/super-saturated X-ray activity levels. Median levels of Lx and Lx/Lbol in the solar-type stars of NGC 2547 are similar to T-Tauri stars of the Orion Nebula cluster (ONC), but an order of magnitude higher than in the older Pleiades. The spread in X-ray activity levels among solar-type stars in NGC 2547 is much smaller than in older or younger clusters. Coronal temperatures increase with Lx, Lx/Lbol and surface X-ray flux. Active solar-type stars in NGC 2547 have coronal temperatures between those in the ONC and the most active older ZAMS stars. A flaring rate (for total flare energies [0.3-3keV] >10^{34} erg) of 1 every 350^{+350}_{-120} ks was found for solar-type stars, similar to rates found in the ONC and Pleiades. Comparison with ROSAT HRI data taken 7 years previously reveals that only 10-15 percent of solar-type stars or stars with Lx>3x10^{29} erg/s exhibit X-ray variability by more than a factor of two. The similar levels of X-ray activity and rate of occurrence for large flares in NGC 2547 and the ONC demonstrate that the X-ray radiation environment around young solar-type stars remains relatively constant over their first 30 Myr (abridged).
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