G7 vows to step up moves to renewable energy, zero carbon - Terrace Standard

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G7 vows to step up moves to renewable energy, zero carbon - Terrace Standard
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G7 vows to step up moves to renewable energy, zero carbon

as they wrapped up two days of talks in the northern Japanese city of Sapporo.

“Recognizing the current global energy crisis and economic disruptions, we reaffirm our commitment to accelerating the clean energy transition to net-zero greenhouse gas emissions by 2050 at the latest,” the communique says.and achieve a “predominantly decarbonized power sector” by 2035. The issue of setting a timeline for phasing out coal-fired power plants is a longstanding sticking point. 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 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 developing countries’ transitions to clean energy. He said developed countries must follow through on a $100 billion pledge they made at the 2009 COP15 meeting. The next talks are to be held in Dubai in late November.

The document crafted in Sapporo included significant amounts of nuance to allow for differences between the G-7 energy strategies, climate advocates said.

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