Members of the rich countries club are committed to the goal of achieving carbon neutrality “by 2050 at the latest”. Germany recently raised its climate targets to reach that goal in 2045.
The Group of Seven Most Industrialized Countries (G7) agreed to stop financing coal-fired power plants later this year to help fight climate change.
The richest countries on the planet also commit to “decarbonize (reduce carbon emissions)” of their electrical energy sources throughout the 2030s, according to the final statement.
This means drastically reducing the use of oil, gas and coal to produce electricity.
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“The G7 recognizes that all new investment in the production of electricity from carbon in the world must stop immediately, since it is not compatible with the objective” of limiting global warming to a maximum of 1.5ºC, as stated set in the Paris Agreement, the statement said.
“This is an important step forward, because only in this way we, the industrialized countries, can credibly demand that others follow us on this path,” explained German Environment Minister Svenja Schulze.
Members of the rich countries club are committed to the goal of achieving carbon neutrality “by 2050 at the latest”. Germany recently raised its climate targets to reach that goal in 2045.
The UK, currently chairing the G7, will host the COP26 climate conference in person in November in Glasgow, Scotland.
The move “lays the foundation for a radical transition to clean energy,” added French Environment Minister Barbara Pompili, praising Japan’s decision to join the initiative.
The G7 countries are Canada, France, Germany, Italy, Japan, the United States and the United Kingdom. They are the main car manufacturers in the world, and with this measure, they commit to “radically accelerate” the transition of this sector towards clean energy, the text indicated.
The group will stop subsidizing the fossil fuel sector in 2025.
And at the same time, the statement said, it sets new environmental goals: conserve or protect at least 30% of the planet’s surface and at least 30% of the sea surface by 2030.
At the 2015 Climate Conference (COP) in Paris, the international community pledged to take measures to limit the increase in the average temperature of the planet to less than 2ºC, and ideally to 1.5ºC.
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Follow the news of El Espectador on Google NewsBut the vast majority of greenhouse gas emitters on the planet have failed to implement their short- and medium-term objectives.
The COP26 in Glasgow is “the last hope” to maintain that objective in a realistic way, according to the president of that climate event, British legislator Alok Sharma.
