The Group of Seven rich nations have agreed to call for reducing gas consumption and increasing electricity from renewable sources while phasing out fossil-fuels faster and building no new coal-fired plants. | Reuters
Ministers also appeared to be considering numerical targets for increasing solar power capacity to at least 1 terawatt and offshore wind power capacity to 150 gigawatts by 2030, the source said.
“The imperatives on gas supply are only short-term. This implicitly means that we cannot invest in the exploration of new gas capacity,” Pannier-Runacher said, adding that nuclear energy is backed by G7 as a “solution for the energy transition” with security of supply. “We, the G7, need to not only reduce our own emissions but also take concrete actions to achieve emission reductions globally,” Japan’s Economy and Trade Minister Yasutoshi Nishimura said in his opening remarks, singling out countries in the “Global South”.
“On climate finance, we must make a fairer deal for the ‘Global South'”, said Sultan Al Jaber, the United Arab Emirates minister of industry and advanced technology, told a closed session, according to his remarks seen by Reuters.“Developed countries first need to follow through on the $100 billion pledge they made to developing countries over a decade ago.”The issue of emissions in emerging markets has long been a focus for developed countries.
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