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

EUR -
AED 4.104356
AFN 76.945527
ALL 99.231336
AMD 432.618629
ANG 2.010722
AOA 1036.726011
ARS 1074.130668
AUD 1.641363
AWG 2.011392
AZN 1.900177
BAM 1.955432
BBD 2.252676
BDT 133.324923
BGN 1.955432
BHD 0.420421
BIF 3234.291666
BMD 1.11744
BND 1.441629
BOB 7.70955
BRL 6.162794
BSD 1.11569
BTN 93.249161
BWP 14.748226
BYN 3.651213
BYR 21901.820514
BZD 2.248877
CAD 1.517204
CDF 3208.169723
CHF 0.949813
CLF 0.037598
CLP 1037.43487
CNY 7.880073
CNH 7.870134
COP 4641.826925
CRC 578.891117
CUC 1.11744
CUP 29.612155
CVE 110.244264
CZK 25.088083
DJF 198.672632
DKK 7.466731
DOP 66.967404
DZD 147.657227
EGP 54.142816
ERN 16.761597
ETB 129.466549
FJD 2.459263
FKP 0.850996
GBP 0.838761
GEL 3.050454
GGP 0.850996
GHS 17.539701
GIP 0.850996
GMD 76.544228
GNF 9639.186978
GTQ 8.624378
GYD 233.396101
HKD 8.706365
HNL 27.675794
HRK 7.597486
HTG 147.212311
HUF 393.517862
IDR 16941.281656
ILS 4.226062
IMP 0.850996
INR 93.284379
IQD 1461.525104
IRR 47035.835678
ISK 152.262759
JEP 0.850996
JMD 175.28703
JOD 0.791704
JPY 160.715782
KES 143.92293
KGS 94.131451
KHR 4531.147742
KMF 493.181817
KPW 1005.695207
KRW 1488.976663
KWD 0.340898
KYD 0.929725
KZT 534.90939
LAK 24636.366177
LBP 99910.008054
LKR 340.395975
LRD 223.13803
LSL 19.586216
LTL 3.299509
LVL 0.675928
LYD 5.298004
MAD 10.818165
MDL 19.468338
MGA 5046.050895
MKD 61.603413
MMK 3629.400954
MNT 3797.060466
MOP 8.955716
MRU 44.337661
MUR 51.26838
MVR 17.164402
MWK 1934.436154
MXN 21.694872
MYR 4.69883
MZN 71.34836
NAD 19.586216
NGN 1831.986636
NIO 41.062277
NOK 11.71496
NPR 149.198937
NZD 1.7912
OMR 0.429669
PAB 1.11569
PEN 4.181813
PGK 4.367179
PHP 62.188869
PKR 309.994494
PLN 4.274599
PYG 8704.362807
QAR 4.067535
RON 4.972493
RSD 117.064981
RUB 103.380555
RWF 1504.017111
SAR 4.19314
SBD 9.282502
SCR 14.578258
SDG 672.172563
SEK 11.365705
SGD 1.442953
SHP 0.850996
SLE 25.530486
SLL 23432.148605
SOS 637.580078
SRD 33.752303
STD 23128.748217
SVC 9.762164
SYP 2807.601005
SZL 19.593315
THB 36.793946
TJS 11.859769
TMT 3.911039
TND 3.380564
TOP 2.617155
TRY 38.124254
TTD 7.588573
TWD 35.736828
TZS 3045.827114
UAH 46.114226
UGX 4133.222587
USD 1.11744
UYU 46.101329
UZS 14197.329642
VEF 4047984.459863
VES 41.096936
VND 27494.606824
VUV 132.664701
WST 3.125996
XAF 655.833645
XAG 0.035881
XAU 0.000426
XCD 3.019937
XDR 0.826844
XOF 655.833645
XPF 119.331742
YER 279.723102
ZAR 19.477937
ZMK 10058.30169
ZMW 29.537444
ZWL 359.815167
  • CMSD

    0.0100

    25.02

    +0.04%

  • BCC

    -7.1900

    137.5

    -5.23%

  • NGG

    0.7200

    69.55

    +1.04%

  • BCE

    -0.1500

    35.04

    -0.43%

  • SCS

    -0.3900

    12.92

    -3.02%

  • RBGPF

    58.8300

    58.83

    +100%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • RELX

    -0.1400

    47.99

    -0.29%

  • JRI

    -0.0800

    13.32

    -0.6%

  • RIO

    -1.6100

    63.57

    -2.53%

  • CMSC

    0.0300

    25.15

    +0.12%

  • VOD

    -0.0500

    10.01

    -0.5%

  • GSK

    -0.8200

    40.8

    -2.01%

  • AZN

    -0.5200

    78.38

    -0.66%

  • BTI

    -0.1300

    37.44

    -0.35%

  • BP

    -0.1200

    32.64

    -0.37%

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)