Top Posts
UN climate change director calls for urgent action...
Environmental activist dismisses CoP meetings on climate change...
Trump administration says it won’t publish major climate...
Climate change: Stakeholders demand action on land use,...
Report: Climate change threatening global data centres
IMF warns climate change may deepen Nigeria’s debt...
Report: Death toll of European Heatwave 3 times...
Drille, others to perform at Abuja climate change...
Nigeria rules out nuclear weapons pursuit, says focus...
Japanese Island evacuates residents after relentless earthquake
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Groups criticize G7’s stance on climate finance

by Matthew Eloyi April 17, 2023
written by Matthew Eloyi April 17, 2023
519

Civil society organizations have accused wealthy industrialized nations of abdicating their duty to provide enough financial support to assist poorer countries in adjusting to and recovering from the losses and damages brought on by climatic disasters.

Speaking on Sunday at the conclusion of the G7 ministers’ meeting on climate and energy in Sapporo, Japan, Harjeet Singh, Head of Global Political Strategy for Climate Action Network International, said: “While G7 ministers recognized the need to scale up renewable energy, their commitment to phase-out of fossil fuels is frivolous and full of loopholes.

In his words, “The calls from scientists and activists to urgently phase out of fossil fuels and support a just and green transition in developing countries, seemed to have fallen on deaf ears.

“The richest and historically most carbon-polluting countries in the world, the G7, for the first time ever committed to quantitative targets for key renewables by 2030 underlining the need for early action in the global climate crisis. This is welcome.

Read Also: G7 countries fail to agree on date for coal phase-out

“The objective to grow clean offshore wind power about six times annually in the next years and solar power almost three times yearly compared to 2022, is a breakthrough and in line with recent economic findings by the IPCC on the most cost-effective carbon pollution reduction.”

On his part, Senior Adviser Energy, Climate Action Network International, Dr Stephan Singer, said: “However, there is no measurable agreement by the G7 on other sustainable renewable energy resource use, like onshore wind, geothermal.

“And no target on economy-wide energy efficiency, which is critical to remain on track for meeting the 1.5 C survival target in the next decade. Further, the offshore wind and solar targets need to be yearly monitored and verified.

“The G7 also failed to significantly enhance financial and technical assistance to poorer nations to rapidly scale up renewable energy.”

Story was adapted from The Guardian

Climate financeG7
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
G7 countries fail to agree on date for coal phase-out
next post
Environment minister calls for speedy implementation of Climate Promises Initiative

Related Posts

UN climate change director calls for urgent action...

July 18, 2025

Environmental activist dismisses CoP meetings on climate change...

July 18, 2025

Trump administration says it won’t publish major climate...

July 18, 2025

Report: Climate change threatening global data centres

July 14, 2025

Report: Death toll of European Heatwave 3 times...

July 9, 2025

Japanese Island evacuates residents after relentless earthquake

July 7, 2025

5.2 Magnitude Earthquake Shakes Costa Rica’s Pacific Coast

July 7, 2025

Trump shuts down U.S. website on climate change

July 7, 2025

Report: Absa’s Mauritius Unit to Nearly Quadruple Green...

June 30, 2025

Report: Heatwave in southern Europe pushes temperatures above...

June 30, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World