Berliner Boersenzeitung - G7 faces pressure on fossil fuel pledges at Japan climate talks

EUR -
AED 4.236833
AFN 76.142197
ALL 93.45107
AMD 420.704816
AOA 1059.063247
ARS 1713.99192
AUD 1.649976
AWG 2.076594
AZN 1.965807
BAM 1.955822
BBD 2.316627
BDT 142.031626
BHD 0.433705
BIF 3413.239071
BMD 1.153663
BND 1.476217
BOB 13.658156
BRL 5.861191
BSD 1.150213
BTN 109.651255
BWP 15.68318
BYN 3.345938
BYR 22611.798836
BZD 2.313326
CAD 1.617379
CDF 2624.584211
CHF 0.93183
CLF 0.027184
CLP 1073.37276
CNY 7.788731
CNH 7.790705
COP 3653.005322
CRC 522.40598
CUC 1.153663
CUP 30.572075
CVE 110.266262
CZK 24.240891
DJF 204.822345
DKK 7.480664
DOP 66.730764
DZD 153.303755
EGP 59.017676
ERN 17.304948
ETB 183.804404
FJD 2.554153
FKP 0.856626
GBP 0.855675
GEL 3.016876
GGP 0.856626
GHS 13.446154
GIP 0.856626
GMD 84.798688
GNF 10097.115581
GTQ 8.7761
GYD 240.602754
HKD 9.047262
HNL 30.819353
HRK 7.538386
HTG 150.391722
HUF 365.192535
IDR 20799.39394
ILS 3.533613
IMP 0.856626
INR 110.048515
IQD 1506.817248
IRR 1586431.11648
ISK 142.062532
JEP 0.856626
JMD 182.092084
JOD 0.817993
JPY 181.627012
KES 148.781703
KGS 100.888291
KHR 4660.799756
KMF 492.614593
KRW 1664.690302
KWD 0.356644
KYD 0.958511
KZT 545.026239
LAK 26048.298174
LBP 103004.479089
LKR 386.12442
LRD 207.612377
LSL 19.024918
LTL 3.406468
LVL 0.69784
LYD 7.359084
MAD 10.744823
MDL 20.10023
MGA 4919.056308
MKD 61.525704
MMK 2422.354323
MNT 4147.524662
MOP 9.292006
MRU 46.226529
MUR 54.222569
MVR 17.836069
MWK 1994.42283
MXN 20.013177
MYR 4.712949
MZN 73.731051
NAD 19.024918
NGN 1574.012366
NIO 42.330485
NOK 10.926464
NPR 175.442008
NZD 1.961512
OMR 0.443645
PAB 1.150213
PEN 3.898045
PGK 5.150059
PHP 70.667684
PKR 319.439457
PLN 4.312336
PYG 6858.078504
QAR 4.204648
RON 5.247557
RSD 117.498334
RUB 91.443047
RWF 1688.519328
SAR 4.320672
SBD 9.322873
SCR 15.583178
SDG 692.198315
SEK 10.985993
SGD 1.479693
SLE 28.499711
SOS 657.307524
SRD 43.587131
STD 23878.499126
STN 24.50028
SVC 10.064115
SZL 19.022218
THB 38.676603
TJS 10.616322
TMT 4.049358
TND 3.381339
TRY 54.813428
TTD 7.810089
TWD 37.273824
TZS 3047.993231
UAH 51.336988
UGX 4319.04944
USD 1.153663
UYU 46.28053
UZS 13768.157604
VES 860.282504
VND 30341.919148
VUV 137.643052
WST 3.154711
XAF 655.964509
XAG 0.020031
XAU 0.000285
XCD 3.117833
XCG 2.072924
XDR 0.815809
XOF 655.964509
XPF 119.331742
YER 274.922082
ZAR 19.102044
ZMK 10384.357384
ZMW 21.606247
ZWL 371.479082
  • CMSC

    0.0300

    21.84

    +0.14%

  • RBGPF

    0.0000

    69.21

    0%

  • CMSD

    0.0900

    22.11

    +0.41%

  • NGG

    -0.4200

    79.97

    -0.53%

  • RIO

    -0.3300

    96.85

    -0.34%

  • RELX

    -1.1900

    35.42

    -3.36%

  • GSK

    -0.3800

    51.69

    -0.74%

  • BTI

    -1.0400

    60.65

    -1.71%

  • BCE

    -0.0200

    21.68

    -0.09%

  • BCC

    1.0000

    76.38

    +1.31%

  • VOD

    -0.3600

    15.78

    -2.28%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • JRI

    0.0900

    12.96

    +0.69%

  • BP

    1.0000

    45.22

    +2.21%

  • AZN

    -1.7000

    169.64

    -1%

G7 faces pressure on fossil fuel pledges at Japan climate talks
G7 faces pressure on fossil fuel pledges at Japan climate talks / Photo: Lars Hagberg - AFP/File

G7 faces pressure on fossil fuel pledges at Japan climate talks

G7 climate ministers kick off two days of talks in northern Japan on Saturday, with campaigners warning the world's leading developed economies against backtracking on their fossil fuel commitments.

Text size:

The group is under pressure to show unity at the meeting in Sapporo after a major UN climate report said the world would see 1.5 degrees Celsius of warming in about a decade. The report called for "rapid and far-reaching" efforts to keep temperature increases within relatively safe limits.

Overseas gas investments and steps to decarbonise grids at home are proving divisive as the energy crisis sparked by the Ukraine war squeezes the bloc, including this year's G7 president Japan.

Climate policy think tank E3G said "hard-won progress" at last year's G7 climate meeting in Germany was at stake on these issues and more, including increased support for poorer nations likely to suffer the brunt of a heating planet.

"Under the Japanese presidency these are either stalled or at risk of regressing," E3G warned in a statement.

"The lacklustre push from some G7 governments to prevent backsliding risks... undercutting any claim by G7 countries to providing global leadership on the essential task of confronting the climate emergency."

A draft G7 statement seen by AFP calls on nations to take action "in this critical decade", urging a peak in global greenhouse emissions by 2025 at the latest.

Experts say this language is aimed at China, the world's largest carbon emitter, which is targeting a peak of its carbon emissions by 2030.

The draft also stresses the "urgency" of slashing global emissions by 60 percent by 2035 from 2019 levels, as recommended last month by the UN's IPCC panel of climate experts.

- Coal and gas promises -

Other phrasing will be more contentious.

Ministers pledged at the last G7 climate meeting in Germany in May 2022 to largely end fossil fuel use in their electricity sectors by 2035.

They also agreed to stop new direct public support the same year for overseas fossil fuel projects that take no steps to offset carbon dioxide emissions.

But this was watered down a month later when G7 leaders said the "exceptional circumstances" of Russia's war in Ukraine made gas investments "appropriate as a temporary response".

The language now sought by Japan would solidify that exception, and trade minister Yasutoshi Nishimura said Friday a one-size-fits-all approach was inappropriate.

"The energy situation is different in each country, as we proceed on diverse paths towards carbon neutrality," he told reporters.

Coal may still prove the largest stumbling block, with Britain seeking a 2030 deadline to complete an "accelerated phase-out of domestic unabated coal power generation" to keep the 1.5C goal within reach.

Japan's preferred language would be a more general pledge to prioritise "concrete and timely steps" towards the phase-out.

Such wording may appeal to group members hit hard by the energy crunch, such as Germany and the United States, while others are pushing back.

A French government source said the country wants to "avoid or put a stop to any form of reversal on fossil fuel" commitments.

And Canada's environment and climate change minister Steven Guilbeault told AFP that "in terms of phasing out fossil fuel from the electricity sector... we would be, as Canada, very comfortable with having strong language on that".

Other potentially testy points include Japan's push for recognition of nuclear power and endorsement of its plan to start releasing treated water from its devastated Fukushima plant into the sea this year.

It also wants G7 recognition for its controversial strategy of burning hydrogen and ammonia alongside fossil fuels to reduce carbon emissions, which climate activists say only serves to extend the lifespan of polluting plants.

burs-kaf/pbt

(K.Lüdke--BBZ)