G7 Nations pledge to produce carbon-free electricity by 2035

18 Apr 2023 CW Team

By 2035, the Group of Seven (G7) countries promised to phase out coal use and produce all of their electricity carbon-free. During a two-day conference conducted in Sapporo, Japan in advance of the G7 summit scheduled for Hiroshima in May, an agreement was made.

The G7 countries are essential in reducing the effects of climate change as they produce 25% of the world's carbon emissions and 40% of the world's economic activity.

The participants also pledged to stepping up investments in renewable energy, with the goal of producing 1,000 GW of solar energy and 150 GW of wind energy from offshore platforms by 2030.

This is consistent with the IPCC's recommendations to keep the rise in global temperature to 1.5°C above pre-industrial levels by the end of the century.

The accord also reiterated that fossil fuel subsidies are incompatible with the objectives of the Paris accord and emphasised the significance of gradually eliminating ineffective fossil fuel subsidies.

By 2025, the participants agreed to end such subsidies.

The final agreement also stipulated that by the end of 2021, all new direct government assistance for the production of thermal coal would be discontinued, and by 2022, all public support for the continued use of fossil fuels would be discontinued globally.

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