G-7 ministers vow to step up moves to renewable energy, zero carbon | Elaine Kurtenbach / AP Business Writer

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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dr. Renato de Castro - Business and Politics (2/4) - video DailymotionDepartment of International Studies De La Salle University Professor, Dr. Renato de Castro - Business and Politics with Dante 'Klink' Part 2 Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe Visit our website at https://www.manilatimes.net Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion Subscribe to our Digital Edition - https://tmt.ph/digital Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein TheManilaTimes
Source: TheManilaTimes - 🏆 2. / 92 Read more »

David Licauco, shares family and friends inspired him to do business'I just like creating things, and I like solving problems kaya siguro 'yung business, sobrang challenging siya for me, but I love challenges kasi.” -David Licauco
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 »

Cong Pimentel hopeful of gov't windfall from LBP-DBP mergerA ranking congressman expressed confidence that the national government will receive bigger cash dividends from the Land Bank of the Philippines (LBP) after its planned merger with the Development Bank of the Philippines (DBP). | ManilaBulletin 🦇💩
Source: manilabulletin - 🏆 25. / 51 Read more »