+
G7 Fails to Reach Renewable Targets
POWER & RENEWABLE ENERGY

G7 Fails to Reach Renewable Targets

According to a recent report, G7 countries are far from achieving their target of tripling renewable energy capacity by 2030. This shortfall raises concerns about meeting global climate commitments and transitioning towards a sustainable energy future. Despite growing awareness of the urgent need to curb greenhouse gas emissions, the pace of renewable energy deployment in G7 nations remains insufficient.

The report highlights several key challenges hindering progress towards renewable energy targets. One major obstacle is the lack of sufficient investment in renewable infrastructure and technologies. While there has been some investment in renewable projects, it falls short of what is needed to significantly boost renewable energy capacity. Additionally, regulatory barriers and policy uncertainties in some G7 countries create further hurdles for renewable energy development.

Another significant issue is the continued reliance on fossil fuels for energy generation in many G7 nations. Although there has been a gradual shift towards renewables in recent years, fossil fuels still dominate the energy mix in several countries. This reliance not only contributes to carbon emissions but also undermines efforts to accelerate the transition to clean energy.

Furthermore, the COVID-19 pandemic has exacerbated challenges in the renewable energy sector. Supply chain disruptions, project delays, and economic uncertainty have all impacted investment and deployment of renewable energy infrastructure. As G7 nations focus on economic recovery, there is a risk that renewable energy ambitions could be sidelined in favour of short-term economic priorities.

To address these challenges and accelerate progress towards renewable energy targets, concerted efforts are needed from governments, businesses, and other stakeholders. This includes implementing supportive policies and regulations, increasing investment in renewable energy projects, and fostering innovation in clean energy technologies. Collaboration and knowledge-sharing among G7 nations can also help identify best practices and overcome common barriers to renewable energy deployment.

It is imperative that G7 nations recommit to their renewable energy targets and take decisive action to ramp up renewable energy capacity. Failure to do so not only undermines efforts to combat climate change but also jeopardises the transition to a more sustainable and resilient energy system.

According to a recent report, G7 countries are far from achieving their target of tripling renewable energy capacity by 2030. This shortfall raises concerns about meeting global climate commitments and transitioning towards a sustainable energy future. Despite growing awareness of the urgent need to curb greenhouse gas emissions, the pace of renewable energy deployment in G7 nations remains insufficient. The report highlights several key challenges hindering progress towards renewable energy targets. One major obstacle is the lack of sufficient investment in renewable infrastructure and technologies. While there has been some investment in renewable projects, it falls short of what is needed to significantly boost renewable energy capacity. Additionally, regulatory barriers and policy uncertainties in some G7 countries create further hurdles for renewable energy development. Another significant issue is the continued reliance on fossil fuels for energy generation in many G7 nations. Although there has been a gradual shift towards renewables in recent years, fossil fuels still dominate the energy mix in several countries. This reliance not only contributes to carbon emissions but also undermines efforts to accelerate the transition to clean energy. Furthermore, the COVID-19 pandemic has exacerbated challenges in the renewable energy sector. Supply chain disruptions, project delays, and economic uncertainty have all impacted investment and deployment of renewable energy infrastructure. As G7 nations focus on economic recovery, there is a risk that renewable energy ambitions could be sidelined in favour of short-term economic priorities. To address these challenges and accelerate progress towards renewable energy targets, concerted efforts are needed from governments, businesses, and other stakeholders. This includes implementing supportive policies and regulations, increasing investment in renewable energy projects, and fostering innovation in clean energy technologies. Collaboration and knowledge-sharing among G7 nations can also help identify best practices and overcome common barriers to renewable energy deployment. It is imperative that G7 nations recommit to their renewable energy targets and take decisive action to ramp up renewable energy capacity. Failure to do so not only undermines efforts to combat climate change but also jeopardises the transition to a more sustainable and resilient energy system.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?