G7 building consensus for faster end to carbon emissions
The Hindu
Leaders of the Group of Seven wealthy nations were finalizing a consensus on April 16 on phasing out carbon emissions that contribute to climate change, amid calls from China and other developing countries for more aid in making a transition to renewable energy.
Leaders of the Group of Seven wealthy nations were finalizing a consensus on April 16 on phasing out carbon emissions that contribute to climate change, amid calls from China and other developing countries for more aid in making a transition to renewable energy.
The G-7 energy and environment ministers gathered in the northern Japanese city of Sapporo are expected to issue a communique on April 16 that balances climate and other environmental concerns with the need for energy security.
Officials attending the closed-door talks indicated they expect a statement embracing a faster shift to renewable energy while slashing carbon emissions in the coming decade.
However, setting a timeline for phasing out coal-fired power plants remains a sticking point, the Kyodo News Service reported. Japan relies on coal for nearly one-third of its power generation and is also promoting the use of so-called clean coal, using technology to capture carbon emissions, to produce hydrogen— which produces only water when used as fuel.
The G-7 nations account for 40% of the world’s economic activity and a quarter of global carbon emissions. Their actions are critical, but so is their support for less wealthy nations often suffering the worst effects of climate change while having the fewest resources for mitigating such impacts.
The president-designate for the next United Nations climate talks, the COP28, who was also attending the talks in Sapporo, issued a statement urging G-7 nations to increase financial support for making energy transitions.
Sultan Al Jaber urged fellow leaders to help deliver a “new deal" on climate finance to boost efforts to mitigate and adapt to the impacts of climate change and help protect biodiversity, especially in developing nations.