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G7 Nations Accelarating Transition Towards Cleaner, Renewable Energy

By Outlook Planet Desk April 17, 2023

The Group of Seven wealthy nations made a commitment to work together to hasten the transition to cleaner, renewable energy

G7 Nations Accelarating Transition Towards Cleaner, Renewable Energy
35 trillion USD in investments are required by 2030 for a successful energy transition. PTI
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As they concluded two days of meetings in the northern Japanese city of Sapporo, energy and environment ministers of the Group of Seven wealthy nations pledged to cooperate to speed the transition towards cleaner, renewable energy but did not set a date for the phase-out of coal-fired power plants.

A 36-page communiqué was released by the authorities outlining their promises in advance of the G-7 summit in Hiroshima in May.

Japan's national plan, which emphasises so-called clean coal, hydrogen, and nuclear energy to help secure its energy security, has received support from other G-7 nations.

“Recognizing the current global energy crisis and economic disruptions, we reaffirm our commitment to accelerating the clean energy transition to net-zero greenhouse gas (GHG) emissions by 2050 at the latest,” the missive says.

“We call on and will work with other countries to end new, unabated coal-fired power generation projects globally as soon as possible to accelerate the clean energy transition in a just manner,” the document says.

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