The Group of Seven rich nations has agreed to “accelerate” renewables deployment.
The countries said they “commit to achieve an overwhelmingly decarbonised power system in the 2030s and to actions to accelerate this” in a communique issued following a powwow hosted by UK PM Boris Johnson (pictured) in Cornwall, England.
They also underlined commitments to phase out coal generation in the document titled “Our Shared Agenda for Global Action to Build Back Better”.
“In our energy sectors, we will increase energy efficiency, accelerate renewable and other zero emissions energy deployment, reduce wasteful consumption, leverage innovation all whilst maintaining energy security,” stated the G7 joint statement.
“Internationally, we commit to aligning official international financing with the global achievement of net zero GHG emissions no later than 2050 and for deep emissions reductions in the 2020s.”
The countries also said they will phase out new direct government support for international carbon-intensive fossil fuel energy “as soon as possible, with limited exceptions consistent with an ambitious climate neutrality pathway, the Paris Agreement, 1.5°C goal and best available science”.
“To be credible, ambitions need to be supported by tangible actions in all sectors of our economies and societies. We will lead a technology-driven transition to Net Zero, noting the clear roadmap provided by the International Energy Agency and prioritising the most urgent and polluting sectors and activities.”