To achieve this goal, the group of countries pledged “end direct public aid for projects without mitigation in the fossil energy sector”indicated the ministers.
The term “no mitigation” refers to projects that do not use any technique to counteract pollution caused by carbon dioxide emissions.
This is the first time that the seven industrial powers (the United States, Japan, Canada, France, Italy, the United Kingdom and Germany) have committed to a goal in this regard.
Ending subsidies for international projects that use fossil fuels was one of the resolutions adopted by 20 countries at the COP26 Climate Conference held in Glasgow last year.
So, all the G7 countries except Japan had adhered to this commitment.
“It is good that Japan, which is the world’s largest financier of fossil fuels, has joined the other G7 countries”indicated Alden Meyer, an expert at the European study center E3G.
Meanwhile, ministers from the world’s richest democracies said that the energy crisis caused by the war between russia and ukraine should not fail the fight against climate change.
“The substitution of fossil fuels from Russia has dominated political debate and government actions in recent weeks and months”German Economy Minister Robert Habeck said at a news conference.
“But we must be clear that the challenges of our political generation, the limitation of global warming, will not disappear if we only concentrate on the present,” he said. “Time is literally running out.”
Source: Ambito
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