Embrace of LNG by G7 a setback for climate goals, experts warn - The Japan Times
Embrace of LNG by G7 a setback for climate goals, experts warn | The Japan Times
The Group of Seven's move to promote deliveries of liquefied natural gas as a temporary response to the energy crisis prompted warnings from environmental groups over the continued embrace of fossil fuels, with one expert pinning blame on the hosts.
At their summit in Hiroshima, G7 leaders also stressed the importance of making a green transformation and pledged to ramp up clean energy investments. Specifically, they mentioned a collective increase in offshore wind capacity of 150 gigawatts by 2030 to meet a joint commitment to cut greenhouse gas emissions by 60% and fully or predominantly decarbonize the power sector by 2035.
But it was the G7's approval of new gas investments to survive the ongoing energy shortages stemming from the Russia-Ukraine war that caught the attention of environmental organizations.
Related Knowledge Center: Climate diplomacy
Talks are well underway in preparation for the next major international meeting on climate change, 28th Conference of the Parties (COP28), scheduled to begin Nov. 30 in the United Arab Emirates.
Much like last year’s COP27, finances — specifically, aid to developing nations — will be at the center of conference deliberations.
The conference faces an even greater sense of urgency brought on by the Sept. 8, 2023, release of the first global stocktake, which calls for accelerated action to meet the goals set in the 2015 Paris Climate Agreement (COP21).
Climate diplomacy: COP 27 | Climate diplomacy: COP 28 | Climate diplomacy: COP 29