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G7 reaffirms commitment to a highly decarbonised road sector by 2030 - Reuters

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G7 reaffirms commitment to a highly decarbonised road sector by 2030 | Reuters

G7 reaffirms commitment to a highly decarbonised road sector by 2030

HIROSHIMA, Japan, May 20 (Reuters) - The Group of Seven (G7) nations on Saturday reaffirmed their commitment to a highly decarbonised road sector by 2030 and committed to the goal of achieving net-zero emissions on roads by 2050.

A G7 statement highlighted various actions countries are taking, including policies for achieving 100% or the overwhelming penetration of sales for zero-emission vehicles in the light-duty vehicle (LDV) category by 2035 and beyond.

The policies include actions to achieve 100% electrified vehicles for new passenger car sales by 2035 and promotion of infrastructure and sustainable carbon-neutral fuels, including sustainable bio- and synthetic fuels, it said.

"We note the opportunities that these policies offer to contribute to a highly decarbonised road sector, including progressing towards a share of over 50% of zero emission LDVs sold globally by 2030," the document added.

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State of Play

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). 

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