SAPPORO, Japan—Energy and environment ministers of the Group of Seven wealthy nations vowed Sunday to work to hasten the shift toward cleaner, renewable energy, but set no timetable for phasing out coal-fired power plants as they wrapped up two days of talks in the northern Japanese city of Sapporo.
“Recognizing the current global energy crisis and economic disruptions, we reaffirm our commitment to accelerating the clean energy transition to net-zero greenhouse gas emissions by 2050 at the latest,” the communiqué says. The issue of setting a timeline for phasing out coal-fired power plants is a longstanding sticking point. Japan relies on coal for nearly one-third of its power generation and is also promoting the use of so-called clean coal, using technology to capture carbon emissions, to produce hydrogen—which produces only water when used as fuel.
“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. The president-designate for the next United Nations climate talks, the COP28, who was also attending the talks in Sapporo, issued a statement urging G-7 nations to increase financial support for developing countries’ transitions to clean energy.
He said developed countries must follow through on a $100 billion pledge they made at the 2009 COP15 meeting. The next talks are to be held in Dubai in late November.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
Source: gmanetwork - 🏆 12. / 63 Read more »
Czech PM Fiala to strengthen bilateral, business relations during PH visitCzech Republic Prime Minister Petr Fiala on Sunday said he and his business delegation would strengthen the relationship with the Philippines and boost support for Czech companies in the country during his visit to Manila next week.
Source: CNN Philippines - 🏆 13. / 63 Read more »
Source: manilabulletin - 🏆 25. / 51 Read more »