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G7 mulls weaker climate pledges amid energy crisis

by John Pierce
July 3, 2023
in Business
2 min read
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leaders of Wealthy G-7 nations reconsider pledge to stop funding fossil fuel projects abroad countries struggle to replace Russian energy imports, according to a draft text seen by AFP. on Monday.

The Group of 7 – the United States, Germany, Britain, France, Italy, Canada and Japan – is still debating final Drafting of Their statement at a high-level summit in Bavarian Alps.

But environmental activists are increasingly concerned that the war in Ukraine will demand the G-7 countries to me walk back Their climate promises as they face a drop in Russian gas supplies and rising energy costs.

“We don’t want To see any roll back, said Frederic Ruder, Vice President of non-profit group Global Citizen.

G7 need to me walk the talk on and their climate obligations.

A draft statement seen by AFP still includes a pledge to halt funding newrelentless fossil fuel projects offshore by the end of 2022 to help Up to goal of limit global The temperature rises to 1.5°C (2.7°F).

The term The word “relentless” refers to projects that do not use technologies to make up for each other of pollution caused of carbon dioxide emissions.

But up for The discussion at the top is the potential plus of sentence that says who – which in The “exceptional circumstances” created by Russia invasion of Ukraine, public investment in The gas sector could be ‘essential’ as a ‘temporary response’.

Germany and Italy, both of which are highly dependent on A source told AFP that Russian energy imports were pushing hard for the adjustment, while France and Britain resisted.

The final The text is expected to be revealed when the three-day G7 summit ends on Tuesday.

Environmentalists said the G7 summit will host German Chancellor Olaf Schulz, who Looking at gas projects in Senegal, you risk being seen as a hypocrite on climate protection.

investment in Fossil fuels in It is clear that Senegal in Ruder said Germany’s own interests. “It is better to invest in Senegal in sustainable energy. no big Projects that will be outdated soon. “

any weakening of The commitments agreed in last yearThe COP26 UN Climate Summit will be a setback in The fight against Activists warned of climate change.

“This could really undermine the 1.5 degree limit,” said Christoph Bales of Germanwatch NGO.

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