Leaders of the Group of Seven (G7) developed democracies will commit to accelerating their transition away from fossil fuels during this decade, according to a draft of a statement to be issued at the end of their ongoing summit in Italy.
Other commitments on climate policy in the draft include a pledge “to phase out existing unabated coal power generation in our energy systems during the first half of 2030s.”
With the COP29 United Nations climate conference due to start in November, the leaders of the United States, Canada, Japan, Germany, France, Britain and Italy said they would submit “more ambitious” national climate plans, according to the draft.
The document commits to a collective effort to reduce methane emissions by 75% by 2030 but, in a section likely to upset environment activists, the leaders give a green light to public investments in natural gas, a polluting fossil fuel.
Tags: Fossil Fuels, G7 Leaders, Transition
Recent Posts
EUSUSO Denmark, REnergy collaborate for green energy in India
ExxonMobil, Air Liquide to work together on hydrogen project
LanzaTech increases share ownership of LanzaJet
Erik Thun takes delivery of LNG dual-fuel vessel
X-Press Feeders retrofits methanol-powered ship
Top 5 companies making ethanol in India
America prefers to go for clean ammonia as fuel of the future
Global hydrogen demand remains a concern