The Fort Worth Press - G7 pledges to quit fossil fuels faster, no new deadline

USD -
AED 3.672504
AFN 65.000368
ALL 81.431326
AMD 361.239406
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.452222
AWG 1.8
AZN 1.70397
BAM 1.754002
BBD 2.018116
BDT 124.801578
BGN 1.747831
BHD 0.378548
BIF 2997.982153
BMD 1
BND 1.283978
BOB 12.019192
BRL 5.504904
BSD 1.002018
BTN 94.051388
BWP 13.802968
BYN 3.000673
BYR 19600
BZD 2.015246
CAD 1.41125
CDF 2320.000362
CHF 0.819824
CLF 0.024951
CLP 981.982871
CNY 6.676504
CNH 6.670804
COP 3236.357114
CRC 454.419084
CUC 1
CUP 24.048249
CVE 98.887942
CZK 21.83445
DJF 178.43146
DKK 6.708504
DOP 60.885162
DZD 136.261154
EGP 53.769786
ERN 15
ETB 164.454778
EUR 0.896804
FJD 2.265604
FKP 0.7479
GBP 0.748083
GEL 2.59504
GGP 0.7479
GHS 11.707995
GIP 0.7479
GMD 74.503851
GNF 8874.938344
GTQ 7.657056
GYD 210.062329
HKD 7.84204
HNL 26.930631
HRK 6.76901
HTG 131.321465
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.7479
INR 93.910504
IQD 1519.035021
IRR 1891353.000352
ISK 122.790386
JEP 0.7479
JMD 159.024259
JOD 0.70904
JPY 158.47504
KES 130.209408
KGS 87.447804
KHR 4082.328147
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.83512
KZT 449.127842
LAK 22542.486884
LBP 89728.711717
LKR 333.213757
LRD 170.342137
LSL 16.570826
LTL 2.95274
LVL 0.60489
LYD 6.412269
MAD 9.794718
MDL 17.910408
MGA 4553.159051
MKD 55.203803
MMK 2099.697346
MNT 3600.739032
MOP 8.088606
MRU 40.453791
MUR 47.030378
MVR 15.403739
MWK 1737.500561
MXN 18.62354
MYR 4.061504
MZN 63.903729
NAD 16.570826
NGN 1347.210377
NIO 36.87727
NOK 9.459904
NPR 150.482041
NZD 1.807175
OMR 0.384144
PAB 1.002108
PEN 3.451773
PGK 4.566611
PHP 63.108038
PKR 277.126855
PLN 3.94555
PYG 6263.39626
QAR 3.662795
RON 4.792204
RSD 105.484059
RUB 81.925564
RWF 1478.947132
SAR 3.756342
SBD 8.048583
SCR 13.773553
SDG 601.503676
SEK 9.894504
SGD 1.282704
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 572.620062
SRD 37.583504
STD 20697.981008
STN 21.972109
SVC 8.76732
SYP 13001.999685
SZL 16.565176
THB 33.550369
TJS 9.243442
TMT 3.5
TND 2.998341
TOP 2.40776
TRY 50.141304
TTD 6.795211
TWD 32.775304
TZS 2647.773642
UAH 45.39348
UGX 4098.470921
UYU 40.312094
UZS 11956.414511
VES 896.316404
VND 25582.5
VUV 119.504303
WST 2.787821
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.805838
XDR 0.707052
XOF 588.264929
XPF 106.954845
YER 236.625037
ZAR 16.51943
ZMK 9001.203584
ZMW 20.360522
ZWL 321.999592
SSP 5745.505339
MXV 2.095222
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

G7 pledges to quit fossil fuels faster, no new deadline
G7 pledges to quit fossil fuels faster, no new deadline / Photo: © Japanese Government/AFP

G7 pledges to quit fossil fuels faster, no new deadline

The G7 pledged on Sunday to speed up the phase-out of fossil fuels and urged other countries to do the same, but did not set any new deadlines on the exit from polluting energy sources such as coal.

Text size:

In a statement following two days of talks in Japan, climate and environment ministers from the leading developed nations outlined efforts to keep global warming under the key 1.5 degree Celsius limit.

They vowed to "accelerate the phase-out of unabated fossil fuels so as to achieve net zero in energy systems by 2050 at the latest... and call on others to join us in taking the same action".

But the group did not offer any new deadlines beyond last year's G7 pledge to largely end fossil fuel use in their electricity sectors by 2035.

France's energy transition minister Agnes Pannier-Runacher said the wording on a fossil fuel "phase-out" was nonetheless a "strong step forward" ahead of the G20 and COP28 summits later this year.

"The most important progress we have made is clearly the fact that we agree to move away from non-carbon-offset fossil fuels," she told AFP.

Britain and France had proposed a new goal of ending "unabated" coal power -- which does not take steps to offset emissions -- in G7 electricity systems within this decade.

But with global energy supplies still squeezed by the war in Ukraine, that target faced pushback from other members, including bloc president Japan and the United States.

"I would obviously have liked to have been able to make a commitment to phase out coal by 2030," Pannier-Runacher said.

"This was not possible, and it is one issue on which we can still make progress in forthcoming discussions, particularly at COP28."

- Call to reduce 'gas demand' -

The Group of Seven, which also includes Germany, Italy, Canada and the EU, all target net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap warming at well under 2C, and ideally 1.5C.

The ministers had been under pressure to announce ambitious steps after a major UN climate report warned last month that 1.5C increases would be seen in about a decade without "rapid and far-reaching" action.

But campaigners expressed fears ahead of the talks that Japan, supported by Germany and others, could lead backsliding on pledges such as ending new overseas fossil fuel financing.

G7 leaders said last year that the "exceptional circumstances" of Russia's war in Ukraine made gas investments "appropriate as a temporary response".

While Sunday's statement contains similar language, it also sets multiple parameters around such investments and highlights the "primary need" for "gas demand reduction".

Japan also wanted G7 recognition for its strategy of burning hydrogen and ammonia alongside fossil fuels to reduce carbon emissions -- which activists say only serves to extend the lifespan of polluting plants.

But the statement simply notes that "some countries are exploring" the potential of hydrogen fuels, adding that this should be "aligned with a 1.5C pathway".

Other new pledges were hotly debated in draft statements seen by AFP, such as a goal to halve CO2 emissions from G7 vehicles by 2035.

In the final statement, the countries only "note the opportunity" to do so.

N.Patterson--TFWP